UP TO 90% FINANCING FOR BRIDGE LOANS.
Envoy's bridge loan program offers experienced developers and corporate users up to 90% loan-to-purchase price for short-term bridge loans for net lease properties in transition.
The program is tailor-made for short-term situations such as re-tenanting vacant single tenant buildings, net lease property acquisitions with lease extension opportunities, sale/leaseback transactions, and ownership recapitalization. Unlike other lending programs, the developer retains full control of the property, and 100% of the profit, after paying off the loan. For many developers, this program represents the lowest-cost option for capital when compared to third-party equity and traditional bank debt.
As experts on single tenant, triple net lease properties, Envoy understand the risks involved in these transactions better than most lenders. Moreover, as a private lender, we can structure transactions that regulated lenders are unable or unwilling to do.
DOWNLOAD BRIDGE LOAN PROGRAM FLYER.
DOWNLOAD LOAN REQUIREMENTS CHECKLIST.
Net lease, single tenant properties
NNN lease structure
- Bridge to long-term financing
- 1031 trade facilitation
- Blend to extend
- Portfolio purchased to flip
- Sale/Leaseback transactions
- Retailers: First right of refusal purchases
Well-defined exit strategy:
- Defined refinance strategy
- Value creation plan in place
- Minimum: $1,000,000
- Maximum: $10,000,000
- Strong balance sheet
- Multiple sources of income
- Extensive real estate experience
*Other non-credit tenants on a case by case basis.
DEAL STRUCTURE DETAILS
Envoy provides up to 90% loan to project budget
80% Loan to Value
- Minimum: 6 months
- Maximum: 18 months
- Fixed-rate interest
- Fees: origination and exit
- No back-end participation
Envoy might also consider some non-qualified transactions as potential equity joint ventures.