Nicolas J. Lorenzo

Principal

NMLS# 2532356

Nicolas J. Lorenzo Principal
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Bridge Loan

 

Filling the gap to long-term financing. Purchase, Rehab, Development, Note Takeovers, M&A, etc. 

 

Property Types & Uses: 1-4 units, Mixed-use, Multifamily, Hospitality, Healthcare, Industrial, Luxury Estates, Land, etc.

 

Loan Amounts: $1M-$500M      

 

Terms: 1-3 years; *no pre-pay penalty structure available

 

Amortization: Interest-only

 

Note Position: 1st; *2nd in select scenarios

 

Loan-to-Value: Up to 75%

 

Loan-to-Cost: Up to 90% 

 

Rates: Starting at 9.75%

 

DSC: 0.75 - 1.25x; *interest reserve can waive debt-service-coverage calculations (in select scenarios)

 

Interest Reserve: ~3-12 months; *no reserve requirements available

 

Origination Fee: 0.25%-2.5%

 

Entity Type: LLC/Corp, Non-Profit, Personal

 

Recourse: Non-recourse, Recourse options available

 

Locations: USA, Caribbean, Europe, Asia & Canada

 

Closing time: As quick as 5 days (Hard Money), 10-21 days (Standard), 30-45 days (Niche), 45-90 days (High-Ticket/Ultra Niche)

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