Main Office
132 Old Post Road
Southport, CT 06890
Phone: 203-255-1700
Fax: 203-259-3030
Mid Atlantic Office
511 W. Beechtree Lane
Wayne, PA 19087
Phone: 610-293-1976
Fax: 610-293-7617
Short Term Bridge & Mezzanine Loans
Program Description
Edgewood Capital's lending program is designed to provide financing for real
estate transactions where the borrower needs money quickly. Our real estate
professionals are dedicated to making the loan approval process as flexible
and efficient as possible. Edgewood Capital will consider deals that
involve repositioning, tenant-fit up, vacancies, prior credit problems,
pending foreclosure, bankruptcy, discounted buyout of existing debt and
other similar types of complex transactions.
Property Types
Multi-family, office, industrial, retail, hotel, self storage, healthcare and residential.
Transaction Size
$500,000 and larger
LTV
Bridge generally up to 75%, Mezzanine Generally up to 90%
Markets
Major East Coast Markets. Focus will be on New York Metro Area and New England.
Lien Position
First, subordinate or mezzanine.
Loan Term
1-3 years. With up to 1 year extensions available.
Interest Rates
Rates vary by loan to value ratio, debt service coverage, property type and underwriting risk.
Prepayment
No prepayment penalty, although a minimum of six months interest paid.
Anticipated Closing Timeframe
Within two weeks or sooner depending on satisfactory receipt of due diligence items.
Initial Submission Package
Property Description
Appraisal if available
Current rent roll and year to date operating statement
Operating history – prior 3 years, if available
Current year operating budget available
Budget of any planned improvements
Existing debt details
Borrower and Key Principal resumes