RAIT bridge loans are perfect solutions to timely real estate acquisitions or opportunities because they allow a borrower to act quickly. A bridge loan is typically for a short period of time until permanent financing is put in place.

Bridge Loan Characteristics

Eligibility
Commercial Real Estate (Office, Multi-family, Retail, Light Industrial)

Typical Loan Amounts
$5,000,000 to $75,000,000

Maturity
Up to 3 years

Interest Rates
Competitive Pricing (varies by transaction)

Debt Service Coverage Ratio
Minimum Coverage of 1.10x

Loan to Value
Up to 90%

Security
First Mortgage

Personal Recourse
Non-recourse with Standard "carve outs"

Exit Fees
Typically 1.00% (negotiable)

Origination Fees
Typically 1.00% to 2.00% (varies by transaction)

Third Party Fees
Includes Appraisal, Engineering, and Environmental Reports