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Pender
Welcome to the EN Capital newsletter where we promote different capital sources such as private lenders, family offices and equity funds in addition to general capital markets news. We’re also promoting the new alternative investment conference series called Uncorrelated, EN Capital is a partner in certain Uncorrelated events.
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Lower Cost Bridge Lender Expanding
A 10-Year old Balance Sheet Bridge Lender is expanding quickly. They have $600M+ deployed and are looking to grow. This lender provides two unique advantages:
They’re priced competitively at SOFR + 350-450 (7.8% - 8.8% today)
They underwrite primarily to the fully stabilized value of the asset, which means leverage relative to total cost can be higher than other lenders (no, they’re not doing 100% LTC loans)
This group underwrites quickly and can close deals fast. They’ll look at all property types (even special purpose assets), nationwide and are typically non-recourse. While they’re bridge focused they can look at select construction loans for high quality multifamily deals.
Highlights:
💰 Check size: $10–30M (can be a little bigger or smaller)
🌎 Geography: Nationwide
🏗️ Asset types: All Property Types (limited appetite for land)
📈 Capital stack: Up to 75% Stabilized LTV
⏳ Term: 24 Months + Ext
💸 Cost: SOFR + 350-450
🔓 Recourse: Non
⚡ Fast, deal-savvy, no institutional slowdown
If you have a deal that needs financing click the button:
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We’ve been building this email list this since 2017 and we’re up to 37,000+ professionals focused on the capital markets for alternative investments such as commercial real estate, the space industry, renewable energy, LATAM deals and utilizing Data-as-an-Asset. So you’re in good company.
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EN Capital is NOT a broker dealer and does not sell securities
EN Capital is capital advisory firm / intermediary and NOT a direct capital source. Seriously, every time we sent out an email someone replies and gets pissy when they realize we’re intermediaries and not direct lenders. It’s clear on our website, LinkedIn and emails. We don’t know how to make it more obvious. Don’t be that guy.
Be sure to connect with EN Capital on Linkedin. and visit our website here.
Nathan Whigham
President
CA DRE Broker License: 01793655
EN Capital Contact Info:
www.encapital.com
[email protected]
Direct Line: 310-465-9253