UP TO 90% FINANCING FOR BRIDGE LOANS.

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Envoy's bridge loan program offers experienced developers and corporate users up to 90% loan-to-purchase price for short-term bridge loans for 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.


TRANSACTIONS PREFERRED

  • Net lease, single tenant properties
  • Credit tenants*
  • NNN lease structure
  • Transaction structures:
    - 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
  • Transaction size:
    - Minimum: $2,000,000
    - Maximum: $10,000,000
  • Sponsorship:
    - 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
  • 85% Loan to Value
  • Loan term:
    - Minimum: 6 months
    - Maximum: 18 months
  • Pricing:
    - Prime-based interest
    - Fees: origination and exit
    - No back-end participation
  • Envoy might also consider some non-qualified transactions as potential equity joint ventures.