MIAMI—Bridge financing is making headlines these days—and it's not all big deals. Small—and sometimes extremely small—bridge loans are closing.
GlobeSt.com caught up with Steven Fischler, co-founder and principal of New Gables Capital, to discuss this trend. What is behind the growing need for bridge financing under the $15 million mark?
Fischler told GlobeSt.com there has always been a need for smaller bridge loans. The difference today, he says, is non-bank bridge lenders have raised very large amounts of capital, which requires them to deploy funds at a larger clip in a finite period of time.
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