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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