UC Funding » Bridge Loan Programs

Bridge Loan Programs

UC Funding offers interim financing on commercial properties including multi-family, office, retail, industrial and hospitality nationwide.

Not only do we seek to originate permanent loans, but if our asset management staff believes that a permanent financing scenario will benefit a structured financing customer, we will proactively help our customer to secure such a loan.

Bridge Loan Programs
LOAN AMOUNT Generally $2,000,000 minimum No maximum	LOAN AMOUNT Generally $2,000,000 minimum No maximum
LOAN TERM Generally 1 to 5 years Extension options available	TAX AND INSURANCE ESCROWS Monthly deposits required
AMORTIZATION Interest only or fixed principal paydowns	REPLACEMENT RESERVES Monthly deposits required
MINIMUM DSC 1.10 “As-Is” 1.20 – 1.25 at Exit	SECURITY First mortgage lien on subject property. Additional credit enhancement to be determined.
MAXIMUM LTV 90% “As-Is” 75% – 80% at Exit	REQUIRED REPORTS Narrative MAI Appraisal, Property Condition Assessment and Phase I Environmental.
INTEREST RATE Floating rate over LIBOR index. Spread varies based on risk and terms.	PREPAYMENT Generally permitted.
ELIGIBLE PROPERTY Nationally located Apartments, Office, Retail, Hospitality, Industrial. No land development or special use projects.	SUBORDINATE FINANCING Mezzanine provided by UC Funding or financing may be provided by an approved 3rd party lender.
ELIGIBLE BORROWER Single asset special purpose entity.	LENDER FEE Origination and exit fees to be determined.

Bridge Loan Programs

LOAN AMOUNT

Generally $2,000,000 minimum
No maximum

LOAN AMOUNT

Generally $2,000,000 minimum
No maximum

LOAN TERM

Generally 1 to 5 years
Extension options available

TAX AND INSURANCE ESCROWS

Monthly deposits required

AMORTIZATION

Interest only or fixed principal paydowns

REPLACEMENT RESERVES

Monthly deposits required

MINIMUM DSC

1.10 “As-Is”
1.20 – 1.25 at Exit

SECURITY

First mortgage lien on subject property. Additional credit enhancement to be determined.

MAXIMUM LTV

90% “As-Is”
75% – 80% at Exit

REQUIRED REPORTS

Narrative MAI Appraisal, Property Condition Assessment and Phase I Environmental.

INTEREST RATE

Floating rate over LIBOR index. Spread varies based on risk and terms.

PREPAYMENT

Generally permitted.

ELIGIBLE PROPERTY

Nationally located Apartments, Office, Retail, Hospitality, Industrial. No land development or special use projects.

SUBORDINATE FINANCING

Mezzanine provided by UC Funding or financing may be provided by an approved 3rd party lender.

ELIGIBLE BORROWER

Single asset special purpose entity.

LENDER FEE

Origination and exit fees to be determined.