COMMERCIAL REAL ESTATE
FINANCING SOLUTIONS

Loan Programs From $3M To $100M


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Stonebridge Capital is your "One-Stop" for bridge loans, construction and refi loans, mezzanine loans, equity infusions, and take-out loans, which helps insure your success in completing the funding you need.

Loan Programs

Stonebridge Capital's loan programs work with multiple property types, including Multi-Family (debt and equity available), Mixed-Use, Retail (with a major anchor), Office, and Industrial.

 
Bridge Development Loans
Ground Up ConstructionLand DevelopmentAcquisitionsPortfolio
Loan Amount$5M - $100MOtto@mdoMarkOtto

Interest Rate

Starting 7.99%Thornton@fatMarkOtto

Loan Term

12-36 months + Extensionsthe Bird@twitterMarkOtto

Amortization

12-36 months + Extensionsthe Bird@twitterMarkOtto

Security

12-36 months + Extensionsthe Bird@twitterMarkOtto

Loan-to-Value

12-36 months + Extensionsthe Bird@twitterMarkOtto

Loan-to-Cost

12-36 months + Extensionsthe Bird@twitterMarkOtto

Origination/Exit Fees

12-36 months + Extensionsthe Bird@twitterMarkOtto

Recourse

12-36 months + Extensionsthe Bird@twitterMarkOtto

Borrower/Guarantor

12-36 months + Extensionsthe Bird@twitterMarkOtto

Location

12-36 months + Extensionsthe Bird@twitterMarkOtto

Loan Type

12-36 months + Extensionsthe Bird@twitterMarkOtto

Geographical Focus

12-36 months + Extensionsthe Bird@twitterMarkOtto

Multifamily Bridge Loans

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This program is specifically designed for properties that are either stabilized or are in need of minor to moderate renovation or other value-add strategy.

Eligible Properties

Multifamily and manufactured housing communities

Loan Amount

$7.5M- $75M

Deal Structure

Variable Rate First Mortgage

Loan Term

Up to 3 years

AmortizationInterest Only
Commitment Fees

1.5% to 3.0%

Borrower Recourse

Typically non-recourse with standard carve-outs

Maximum LTVUp to 90.0% of current value and 80.0% of stabilized value
Equity Requirements

Typically not less than 10.0%-15.0% cash equity

Third Party Reports

MAI Appraisal (expanded or separate market study may be required for properties with a value-add component);
Environment Phase I and Engineering/Structural Report prepared by approved professionals.

Geographical FocusNationwide

Ground Up Construction Loans

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Loans to cover the costs of construction projects before obtaining long-term funding

Loan Amount

$5M - $100M million

Interest Rate

Starting 7.99%

Loan Term

Up to 36 months + Extensions

Amortization

Interest Only

SecurityFirst Mortgage Lien or Deed of Trust
Loan-to-Value

Up to 65.0%

Loan-to-Cost

Up to 75.0%

Origination/Exit Fees

Starting at 2.0%

RecourseNon-Recourse Available
Personal GuaratyNot Required
LocationInner City & Developed Suburbs Only
Loan Type

Construction

Geographical Focus

Nationwide

Healthcare Bridge Loans

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This program is specifically designed for properties that are either stabilized or are in need of minor to moderate renovation or other value-add strategy.

Eligible Properties

Senior housing, independent living, assisted living, memory care, and skilled nursing properties

Loan Amount

$5M- $75M

Loan Term

Terms up to 36 months

AmortizationInterest Only
Commitment Fees

2.0% to 3.0%

Borrower Recourse

Typically non-recourse with standard carve-outs

Maximum LTVMaximum 90.0%
Equity Requirements

Typical requirement of at least 10.0% to 20.0% cash equity in the property.

Third Party Reports

MAI Appraisal (expanded or separate market study may be required for properties with a value-add component);
Environment Phase I and Engineering/Structural Report prepared by approved professionals.

Geographical FocusNationwide

CMBS Lending Fixed Rate

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Non-recourse, assumable fixed rate financing for the acquisition or refinance of stabilized properties

Eligible Properties

Multifamily, retail (w/major
anchor), office, industrial, and self storage properties

Loan Amount

Minimum $3M for multifamily, $7M for all other asset classes - no maximum

LTV Maximum

75% of appraised value or purchase price constrained by Minimum Debt Yield

Loan Term

5 - 10 years

AmortizationInterest Only Available
Origination Fees

2.0% to 4.0%

AssumabilityLoan is assumable, subject to approval of proposed replacement borrower
Timing

28 - 60 days from application to funding

Third Party Reports

MAI Appraisal, Property Condition Report and Environmental Phase I Assessment are required; Seismic Reports are required for properties in Seismic Zones 3 and 4

Geographical FocusNationwide

CMBS Mezzanine Fixed Rate

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Non-recourse, assumable subordinate financing for the acquisition or refinance

Eligible Properties

Multifamily, retail, office, industrial, and self-storage properties

Loan Amount

$500K- $5M

LTV Maximum

75.0 - 85.0% of appraised value or purchase price depending on asset type

Loan Term

5 - 10 years

Coverage Minimum1.05x
AmortizationInterest-only or consistent with the senior mortgage loan
Third Party ReportsMAI Appraisal, Property Condition Report and Environmental Phase I Assessment are required; Seismic Reports are required for properties in Seismic Zones 3 and 4. Mezzanine loan will rely on senior mortgage loan Third Party Reports.
Prepayment Terms

Defeasance with a lockout period of 24 months from securitization. Cannot be prepaid before A Note

Origination Fee

3.0% to 4.0%

Cash Management

Standard mezzanine cash management

Timing

45 - 60 days from application to funding

Assumibility

Loan is assumable, subject to approval of proposed replacement borrower

Geographical FocusNationwide

Equity Terms (General)

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Joint Venture, Preferred, and Soft-Preferred Equity

Loan Amount

$5M+

Hold Period

3 - 10 Years

Property Type

Market-Rate Multifamily Properties with 100+ units. Minimum in-place cash yield of 6%

Loan PurposeAcquisitions & Recapitalizations
Return ProfileTargeted Average IRR of 14% – 18%. Equity Multiple 1.6x – 2.0x. (Deal Specific)
Senior DebtFannie Mae and Freddie Mac (Fixed or Floating Rate), CMBS, and Bridge Loans
Origination/Exit Fees2.0% to 5.0%
Geographical FocusNationwide

FHA/HUD SECTION 223(F) Loans

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Market rate properties of any class, cooperatives, affordable or subsidized housing.

Commercial Space

Limited to 25% of net rentable area and 20% of effective gross income

Borrower

Single asset, special purpose entity, either for profit or non-profit

Interest RateFixed for term of loan, determined by market conditions at time of rate lock. Rate lock deposit is 0.5% and refunded at closing.
Loan ParametersFor loan amounts up to $100+ Million
Term and AmortizationA maximum term of 35 years, fully amortized 
Third Party ReportsAppraisal, Environmental and Capital Needs Assessment
TimingTypical application is submitted within 45-60 days of engagement, followed by 60-90 days to issuance of HUD’s commitment and 30-45 days to closing.
Geographical FocusNationwide
$1 Billion In Loans Funded

The Stonebridge Team Has Funded Over $1 Billion and Counting!


Find out what our customers think

$3,000,000 Cash-out refi loan in Louisiana.

“I had exhausted all avenues for finding a cash-out refi loan, then I was introduced to Stonebridge Capital; they were able to bring the loan I needed.  The problem was always my portfolios of apartment buildings are located in out-of-market locations and I could not find a lender willing to loan on them; it was very frustrating because the numbers were great.  Stonebridge got it done!  I am in the process of bringing them additional properties for cash-out loans.”

$7,200,000 loan to pay off existing loan and complete construction of 6-story mixed-use residential building in Washington, DC.

“Working with Stonebridge was great. We were stuck in a loan that was not enough to complete the construction of our building and our lender's offer to increase the loan was at a greatly increased cost; through Stonebridge, we were able to obtain a loan that paid off our existing loan and complete the construction of our building.”

$32,500,000 loan for the acquisition of residential assisted living homes in west Texas and east New Mexico.

“Thank you Stonebridge! After more than 18 months of frustration trying to find the money for the purchase of a portfolio of residential assisted homes we found Stonebridge Capital.  Stonebridge was able to bring us the creative approach needed to finance our purchase.”

$11,500,000 loan for the purchase of a Winery in Santa Ynez, CA.

“Stonebridge and their capital partner stepped in to provide the necessary funding we needed, it saved our day; we were nearly out of time on our purchase contract and all parties were ready to throw in the towel.  We could not have done it without them.”

$8,000,000 Bridge and Construction loan in Richmond, VA.

“Thanks to Stonebridge Capital we were to obtain the necessary funding to complete a project we have been trying to get done for a couple of years.  We are also working with them on four additional projects in our area.  It is really exciting to finally have a "go to" place for our funding needs.”

$7,000,000 Cash-out refi loan in Dallas, TX

“After being turned down my multiple lenders we were about to stop looking when we met Stonebridge Capital and they got the job done.  The issue was our property, although in a great location with an excellent appraisal, was not in great shape and did not look good.  Every lender we went to wanted to do the deal until they did site visit then their underwriting turned down the loan.  Stonebridge knew our location well and was able to bring us the loan.”