Bridge Debt Commercial

[Garreton Smith]

Investors, what interest rates are you seeing for commercial bridge debt? Specifically multi family 1-2 year terms. 

[Chris Seveney]

Quote from @Doug Smith:

They are hovering around 11%-12% right now...usually with 2%-4% in points. Now here comes the peanut gallery telling everyone I don't know what I'm talking about (lol).

That is what we are seeing, also a good article recently released on state of bridge and DSCR loans. Avg loan rate last year was around 11.5% with 2.25 points. So numbers are spot on, those saying they have lenders giving them money on bridge at 8-9% are those private lenders using own funds, if its institutional money etc. its much more expensive.