Loan Originations
Dedicated Bridge Financing Program for Commercial Real Estate Assets
Investment Criteria
We have a nationwide platform to evaluate loan origination opportunities.
Loan Structures: Directed Capital is focused on providing first lien bridge loans secured by Commercial Real Estate. We can be creative with repayment options including Interest Only and Deferred Interest options. We will consider Mezzanine, Preferred Equity, and Joint Venture structures.
Loan Size: We specialize in individual loans ranging from $1 million to $25 million.
Loan Terms: We typically structure loans with 18 to 24 month terms.
Loan Pricing: We typically quote first lien bridge loans at floating with a margin over WSJ Prime plus origination fees.
Geography: Directed Capital originates loans throughout the continental United States. With offices in Florida and California, and professionals in Boston and Pittsburgh, we originate a majority of our loan product in the Southeast, Northeast, Texas and the Western states.
Collateral Type: Directed Capital focuses on loans secured by Commercial Real Estate including both Investment and Owner-Occupied. We originate loans secured by traditional asset types including Office, Retail, Industrial, Warehouse and Multifamily. In addition, we have expertise with special use properties such as Senior Housing, Hospitality, Restaurants, Self-Storage and Car Washes. Finally, we are open to originating Commercial & Industrial loans secured by business assets including Accounts Receivable, Inventory and Equipment.
Execution Timeline
Our experienced staff and dedicated capital enable us to quickly execute on opportunities. We can execute from loan application to loan closing in 4-6 weeks.
Featured Case Studies
Bridge Financing
Originated a $12.5MM first mortgage loan secured by commercial property in central Florida. The sponsor utilized the loan proceeds to refinance current debt and prepare the property to be converted for multifamily development. Directed Capital was able to provide competitive pricing and terms to the sponsor while also moving quickly to satisfy the current lender.
Bridge Financing
Originated a $1.6MM loan secured by a medical office, which was suffering from temporary occupancy and cash flow issues. The borrower had financing lined up to take advantage of a discounted payoff (DPO) offer from its previous lender. The financing fell through and Directed Capital was given less than three weeks to underwrite and close the transaction. Directed Capital structured a transaction allowing the borrower to take advantage of the DPO. As a result, the borrower was able to stabilize the building and refinanced through traditional channels.
Bridge Financing
Originated a $17MM loan secured by five assisted living facilities. This was a value-add transaction where the principal was able to acquire the facilities at a below market price due to struggling management and poor financial results. The principal updated the facilities and put new management in place to improve operations. After a strong period of stabilized operations, the borrower took each of the facilities to HUD for financing and paid off the loan to Directed Capital.
Contact one of our Investment Team Members today to discuss refinancing an existing loan or financing a new acquisition.