Our Products
Middle Market Bridge Loan
Sheridan Capital is a leading bridge lender, providing tailored solutions. Our deep understanding of commercial real estate and ownership mentality sets us apart from the competition.
The Bridge Loan Program offers loans from $5 million to $50 million throughout the United States.
Purpose:
Floating-rate financing on commercial real estate
Geography:
United States
Loan Size:
$3,000,000 to $30,000,000
Property Types:
Multifamily, Industrial, Retail, Hospitality (other asset classes considered on a case-by-case basis)
Terms:
1 to 3 years, extensions negotiable
Interest Rates:
Pricing is based on transaction quality, location, and leverage Rates are typically 450-700 BPS above the SOFR
LTV:
Up to 75%
Minimum DSCR:
0.5x (with interest reserve)
Other Costs:
Generally $10,000 - $25,000, plus legal
Liability:
Recourse and non-recourse offered
Loan Fees:
Typically 1% - 2%
Prepayments:
Typically a minimum of 6 - 12 month's interest