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Tremont Realty Launches New Financing Program

BOSTON-Tremont Realty Capital launches a real estate bridge financing program designed to provide short-term bridge loans to borrowers unable to obtain conventional funding or require complex or time-sensitive bridge loans.

By Naomi Grossman | Updated on December 09, 2003

BOSTON-Tremont Realty Capital, an affiliate of CapitalSource Finance LLC, unveiled a new real estate bridge financing program which is designed to provide short-term bridge loans to borrowers who are unable to obtain conventional funding.

The program will be able to provide what the company calls “creative structures” for complex or time sensitive bridge loans. The loans will range from $500,000 up to five million dollars and will have a typically floating rate with a term from six to 24 months. The amortization will be negotiable based upon the business plan. Property types include industrial, office, multi-family, hotel, condominiums, manufactured housing communities, anchored retail, self storage and property, but the borrower must have experience with that property type. The property can located anywhere across the country.

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