Multifamily Bridge Loan Program

Let's move your project forward

Terms

Advantages

  • “One-Stop Shop” if looking for FHA or Agency permanent debt but need short-term bridge financing
  • Fast Closing to facilitate purchase or maturing existing debt
  • No exit fee if financing originated via Greystone’s permanent debt options

Loan Purpose
This program is specifically designed for properties that are either stabilized or are in need of minor to moderate renovation or other value-add strategy.

Our bridge loan program can be used to finance stabilized properties while Greystone underwrites the permanent financing or fund moderate rehabilitation or retenanting where the Borrower requires to complete a value add strategy before securing permanent financing through an FHA, Fannie Mae, and Freddie Mac execution.

Eligible Properties
Multifamily and manufactured housing communities

Loan Amount
$7,500,000 - $75,000,000 (larger upon request)

Deal Structure
Variable rate first mortgage

Term
Typically up to 3 years (including extensions)

Amortization
Interest-only (some amortization may be required after first two years of term)

Interest Rate
Interest generally at a floating rate, specified as a competitive market rate spread over a LIBOR floor

Loan Commitment Fees
0.50% to 1.0% (depending on loan size)

Application Fees / Deposits
$15,000 per property non-refundable processing fee (fee depends on loan size and complexity) plus approximately $20,000 per property escrow deposit to cover the cost