Commercial Bridge Program

Bridge Mortgage

Secured financing for renovation, stabilization, or recapitalization of transitional commercial assets

All income-producing property types: Multifamily, Office, Industrial, Retail, and Hospitality

24 month initial term with up to three 12-month extensions, interest only with amortization during extensions

Fully prepayable with 12-18 months call protection

Minimum 1.05x stabilized DSCR

$10MM – $50MM

Floating 1M SOFR + 300(+) BPS

Up to 75% of appraised stabilized value

Funding of real property improvements relating to energy efficiency, water conservation, and resiliency

All income-producing property types and specialized use with strong sponsorship

Up to 30 year term, fully amortizing, with capitalized interest for initial period

Payments made through real estate tax assessments

Fully prepayable with flexible call protection options

Minimum 1.00x stabilized DSCR

$1MM – $500MM+

100% of eligible costs, typically up to 25-30% of proforma stabilized value

Utilization of C-PACE Assessment and Bridge Mortgage to reduce financing costs and to provide refinance flexibility

All income-producing property types: Multifamily, Office, Industrial, Retail, and Hospitality

C-PACE is assumable upon sale or refinance of mortgage loan

Call protection tailored to meet property owner exit/refinance strategy

Minimum 1.05x stabilized DSCR after payment of PACE assessment

$10MM – $75MM

Weighted Average All-In Rate

Up to 75% of appraised total value

CORE: Conventional multifamily, industrial, student housing, manufactured housing, affordable housing, senior housing (IL/AL/MC), skilled nursing facilities, hospitality, and retail
NON-CORE: Office, specialty real estate, and data centers
GREEN: CounterpointeSRE will underwrite properties with sustainability features

LOAN AMOUNT	$8 million to $50 million; larger loans considered
LOAN TERM	Up to 5 years (including extensions)
CLOSING TIMELINE	45-60 days
MARKETS	Top 100 MSAs and select secondary markets
RATE TYPE	Floating over 1M Term SOFR
IN-PLACE DSCR AND DY	No minimum DSCR or debt yield required
FEES	Origination, exit and extension fees may apply
LEGAL FEES	Generally, less than $50,000 per loan
MAXIMUM LTV	Will consider up to 75% LTV on pro-forma stabilized value
AMORTIZATION	Interest only during initial term; amortization on case-by-case basis during any extension term
FUTURE ADVANCES	Capital expenditures and additional reserves as needed; funded according to Sponsor’s business plan
EARNOUTS	Available
MONTHLY ESCROWS	RE taxes (including C-PACE), insurance and replacement reserves
RECOURSE	Non-recourse with standard carve-outs; additional guarantees may be required
PREPAYMENT	Spread maintenance for a portion of the initial loan term; no lockout