Commercial Real Estate Lending Solutions
If you require immediate short-term financing, Blackstone Mortgage Corp. offers Mezzanine and Bridge loans as special opportunities for a quick solution. These loans are typically high-interest loans, with rates of 10% or higher, that are interest-only and designated for one-to-three years duration. These loans are designed to bridge the interim financing gap while lining up long term financing. Below is a sampling of uses for Mezzanine/Bridge Loans:
- Purchase of real estate
- Vacancy/Rehabilitation of a particular building or property
- Property in transition
- Sale/Leaseback arrangements
- Partner/Lease buyouts
- Discounted mortgage buy-backs
Mezzanine Loans
Mezzanine loans are similar to second mortgages. A mezzanine loan’s security lies in the stock of the company that owns the property, rather than in the value of the real estate. Blackstone’s mezzanine loans are the short-term loan solution for your financing needs.
Bridge Loans
Similar to a Mezzanine loan, a bridge loan is a high-leverage, short-term commercial loan that is used to 'bridge' the gap between the need for immediate cash and future financing at a lower interest rate. They are typically backed by hard money - real-estate owned by the borrower, as a kind of second lien. A bridge loan's terms can range from several months to 2-3 years. Blackstone’s Bridge loans are available with optional terms.
Please apply now for one of our Mezzanine, Bridge or Construction Loans, or call us at 1-866-879-1100 to speak with one of our financial counselors.
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