IBS, N.A.
offers its bridge loan program to experienced sponsors that need more time to execute their exit strategy or permanent financing. Our program is designed to provide the elasticity of a structured
loan while offering the option to secure the most favorable permanent financing that exists for individual business needs. The IBS, N.A. Bridge Program offers commercial real estate investors the
opportunity to leverage short-term financing benefits without compromising their equity or long-term ROI, making your financial transition seamless.
General parameters
include:
Loan Amount
$5,000,000 minimum
|
Loan Term
Generally 1 to 3 years
Extension options available
|
Amortization
Determined on a case-by-case basis
|
Minimum DSCR
0.90 “As Is”
1.20 – 1.25 at exit
Waving DSCRs requirements considered if payment supported by pre-funded interest reserves.
|
LTV
Up to 75%
|
|
|
LTC
75% as measured by new cash equity in the transaction
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Interest Rate
Floating rate over LIBOR index Spread varies based on risk and terms
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Recourse
Standard carve-outs
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Eligible Property
Multifamily, office, retail, industrial,
hospitality and student housing projects located in strong markets with positive demographic, population and employment trends
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Sponsorship
Established track record and verifiable liquidity corresponding with the transaction
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Security
First mortgage lien on subject property with limited recourse
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Tax and Insurance
Escrows
Monthly deposits required
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Replacement
Reserves
Monthly deposits required
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Prepayment
Typically permitted
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Learn more about our nation-leading investment real estate lending programs via the links below and reach out to a Relationship Manager
for more information:
Small Balance Commercial
Conventional Commercial
Finance
IBS Power Broker Program