Terrace Capital offers bridge loans for commercial real estate projects for a wide range of property types and across all 50 states. Funds can be utilized for the acquisition or refinance of commercial property and are geared towards creating “runway” for the Terrace Capital permanent finance programs.

Large Loan

Loan Amount:
$5MM and up

Loan Term:
2-3 years

Property Types:
Multifamily, Mobile Home Community, Office, Industrial, Self-Storage, Retail, Hotel

Lien Type:
First Mortgage/ Deed of trust

Loan-to-Value:
Up to 75% of appraised value

DSCR:
Subject to deal quality.

Origination fee:
1% and up

Exit Fee:
1% and up

Prepayment:
Generally None

Recourse:
Non-recourse, subject to standard carve-outs

Rate:
Competitive LIBOR Rate based financing

Small Balance Loans

Loan Amount:
$500K – $5MM

Loan Term:
1-3 years

Property Types:
Multifamily, Mobile Home Community, Office, Industrial, Self-Storage, Retail, Hotel

Lien Type:
First Mortgage/ Deed of trust

Loan-to-Value:
Up to 75% of appraised value

DSCR:
Subject to deal quality.

Origination fee:
2% and up

Exit Fee:
Generally None

Prepayment:
Generally None

Recourse:
Full Recourse

Rate:
Competitive Prime Rate based financing