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 floating with a margin over WSJ Prime.
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 $13.5MM first mortgage loan secured by a mixed-use retail commercial property in South Hampton, NY. The sponsor previously acquired the property, renovated and was finalizing leasing effort to stabilize the property. Directed Capital was able to move quickly and refinance the asset prior to stabilization and provide capital to the Sponsor to deploy on a time sensitive acquisition.
Bridge Financing
Originated a $7.6MM first mortgage loan secured by a mid-rise office building in downtown St. Petersburg, FL. The sponsor utilized the loan proceeds to refinance maturing debt. Directed Capital was able to provide competitive pricing and terms to the sponsor while also moving quickly to satisfy the current lender in a challenging capital market environment for office assets.
Bridge Financing
Originated a $4MM first mortgage loan secured by a portfolio of manufactured housing assets located in four parks around Greater Tampa Bay. The sponsor utilized the loan proceeds to refinance existing debt and provide working capital to transition the parks and make ready for permanent financing. The sponsors are in process of upgrading the various parks, stabilizing operations, and plan to refinance with traditional, long-term debt.
Contact one of our Investment Team Members today to discuss refinancing an existing loan or financing a new acquisition.