Bridge & Construction financing through Terrace Capital allows developers and real estate owners to acquire or refinance properties that are not yet ready for permanent finance. Needs for Bridge financing may vary widely, from repositioning a property to acquiring a property at auction. Terrace is sensitive and accustom to abbreviated due diligence periods and tight closing deadlines.
Funds may be used for equity recapture, tenant improvements, leasing commissions, property improvements, interest reserves or other applicable needs.
Terrace Capital’s construction finance program provides developers with an non-recourse option for development finance, when local banks fall short. the TC construction program is often combined with the non-recourse permanent finance program, to create a “one stop shopping” solution for today’s modern developer.