Trinity Street Capital Partners (TSCP) offers multifamily and commercial property bridge loans from ranging from $5MM to $150MM.
Property types including the following; Multifamily, Student housing, Senior housing, Manufactured housing, Build for Rent, Office, Retail, Industrial, Self Storage and Hotels.
Our Bridge loan program focuses on properties of a transitional nature with proceeds available for tenant improvements, leasing commissions, capital expenditures and carrying costs.
The Bridge loan program also allows for recapitalizations, where a restructuring of the property’s debt is necessitated due to the rise in interest rates or partnership issues.
Loan Amount:
$5MM and up
Early Rate-Lock:
Not Applicable
Loan Term:
3-5 years
Property Types:
Commercial and Residential
Lien Type:
First Mortgage/ Deed of trust
Loan-to-Cost:
Up to 85% of cost
Loan-to-Value:
Up to 75% of appraised value
Interest Rates:
30 Day SOFR + 200bps and up
Amortization:
Interest only to 30 years
DSCR:
Not applicable
Origination fee:
0-1%
Exit Fee:
0-1%
Prepayment:
Generally payment maintenance for 12-18 months
Recourse:
Non-recourse, subject to standard carve-outs
Geography:
All 50 states
Combine Trinity Street Capital Partners Bridge Loans with our Permanent Loan program.
