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GENERAL: 800.ARBOR.10

Bridge

Seniors Housing

Arbor Bridge Loans offer commercial real estate investors the opportunity to leverage short-term financing benefits without compromising their long-term ROI, making your property’s financial transition seamless.

Loan Amount $5 million minimum.
Loan Term Generally 1 to 3 years. Extension options available.
Amortization Determined on a case-by-case basis. Typically interest only-payments.
Minimum DSCR 1.10x “As Is”, 1.30x – 1.40x stabilized. Lower DSCRs considered, if payment
supported by pre-funded interest reserves or guarantees.
Maximum LTV Up to 80% stabilized.
LTC p to 80% as measured by new cash equity in the transaction
(Purchase Price + Cap Ex = Costs).
Interest Rate Floating rate over LIBOR index. Spread varies based on risk and terms.
Recourse Generally Non-Recourse – except typical “bad boy” carve-outs.
Eligible Properties ILF, ALF, ALZ, SNF or combination.
Eligible Transactions Traditional acquisitions, acquisitions with rehab component, debt buy-backs with
fresh equity, and properties in lease-up in strong markets.
Sponsorship Established track record and appropriate net worth and liquidity commensurate
with transaction.
Security First mortgage lien on subject property.
Tax & Insurance Escrows Monthly deposits required.
Replacement Reserves Monthly deposits required.
Recourse Non-recourse execution is available, with standard carve-outs required for “bad acts” such as fraud, bankruptcy and illegal transfers.
Prepayment Generally permitted.
Third-Party Reports Appraisal, Phase I Environmental, Property Condition Assessment, Zoning
Report, Liability Risk Assessment, Seismic (if applicable).
Expense Deposit Generally $50,000.

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