Bridge Lender Funding Ground-Up Construction - Up to $100M
SIMS Capital, LLC is placing ground-up construction debt with a portfolio capital provider on a national basis. Requests from $20,000,000 to $100,000,000 are priced from LIBOR+375 to 80% of as-complete value for multifamily assets.
Light bridge/reposition transactions will be considered under these same constraints. The same capital provider also has the ability to supplement subordinate capital structured as mezzanine or preferred equity, sized to 75% of value from $10,000,000 to $50,000,000.
For construction and bridge subordinate capital, pricing floats from 12% up to 5 year terms. Class A/B core and special use assets in primary and secondary markets are considered.
Contact: [email protected]
Offering