First National’s bridge loans are ideal for borrowers who have yet to secure standard financing or who need the time and flexibility to plot a better future for their office assets.
Our bridge loan terms tend to range from three months to three years, include floating interest rates and allow some form of early prepayment.
Borrowers choose this solution until standard financing is secured or while they contemplate a property sale, a change in ownership structure or enhance their tenant roster.
Additionally, a bridge loan can be used opportunistically to execute an operational strategy such as negotiating new leases or securing new tenants to position the property more positively for standard financing.
Strong operational history and a borrower’s net worth and liquidity are key considerations for this type of financing.