Bridge-to-agency
Target loan size
$10M-$60M+
Loan term
1-3 years
Overview
BWE’s bridge-to-agency product, through a national life insurance partner, provides non-recourse financing for lease-up, transitional, light value-add, and opportunistic transactions for conventional multifamily apartment properties. Servicing and asset management by BWE.
Boundless lending sources.
Curated for clients.
Loan features and benefits
- Non-recourse with standard carve out provisions
- Stabilize through lease-up or reposition assets through stabilization for qualified sponsors
- Competitive spread over one-month term SOFR
- Flexible terms up to five years including extensions
- $10MM-$60MM target with larger sizes considered
- Interest carry reserve available
- Fees: standard origination, processing, and exit fees with ability to waive exit fee if refinanced by BWE
- Minimum interest/prepayment – flexible tied to borrower strategy and stabilization
Compatible property types
- Multifamily
- Student housing
- Active adult