Winston Rowe & Associates, a no advance fee national commercial real estate bridge loan financing firm has prepared this article to provide an understanding of the approach and methodologies of commercial bridge loans. They listen and are there to help.
Commercial Bridge Loan Advantages:
Commercial real estate investors often times turn to Winston Rowe & Associates with time sensitive, opportunistic or distressed commercial real estate transactions, but do not understand the advantages or structures of commercial bridge (gap) financing.
The ensuing are a few scenarios that commercial bridge are utilized for:
Time Sensitive Scenario:
A commercial investor owner has a performing (cash flowing) property with a balloon payment coming due in a month or the current lender has decided not accept payments.
The problem is they can’t get conventional financing in the short time frame and are at risk of losing their property.
In this scenario, the commercial real estate investor can take advantage of a bridge loans short time frame to fund. This will prevent the loss of the property and provide the additional time for the commercial real estate investor to obtain more favorable long term financing.
Winston Rowe & Associates receives many inquiries from prospective commercial real estate investors that have an opportunity to purchase a property at a deep discount. This may be at an auction, or a bank note or a property in bankruptcy.
Discount Note Payoff Scenario:
This is very common in today’s banking climate. Commercial real estate investors are approached by their current mortgage holder (bank) and are offered a discount if they agree to take their business else ware, for various reasons. Bridge loans are an excellent option in this scenario because the faster a borrower can move the better discount they can receive.
Stabilizing Cash Out Bridge Loans with Takeout Financing:
Commercial real estate investors that need cash for various reasons such as; improvements, back taxes, or to acquire another commercial asset can utilize bridge loans for this purpose. Many conventional commercial mortgages do not allow for cash out.
Winston Rowe & Associates are experts with these types of transactions. They have solutions for short term bridge loans with takeout conventional financing.
Debtor in Possession Bankruptcy Financing:
Chapter 11 Business Bankruptcy filed in US District Court Debtor in Possession Financing is a bridge loan solution to have a fast exit from the bankruptcy.
Winston Rowe & Associates is skilled at working with borrowers and their creditors to develop a plan of reorganization (POR) to assist commercial real estate investors with their debtor in possession proceedings.
They have no upfront fee commercial bridge loan finance programs in the following states.
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming