Platinum Private Capital serves the institutional, middle market and small balance commercial space.
Our goal is to match your project with the best financing solution available to make your real estate project more successful and profitable.
Our expertise and network of lenders allows us to provide custom, tailored financial solutions to meet the diverse needs of investors, developers and owners resulting in comprehensive financing tailored to the operational needs and long term strategic goals of our clients.
A “bridge loan” is basically a short term loan taken out by a borrower secured by of their current properties to acquire a new property or to liberate equity in an existing property to complete repairs and renovations. Sometime they are also referred to as a swing loan, gap financing, or interim financing. Bridge loans typically offer interest only payments to keep payment low and are short term in nature, typically they range in terms from 6 month to 3 years depending on the scope of the project and assert class being used as collateral.
- Bridge Loans typically help solve the following borrower needs:
- Fast closing – typically can close in days – don’t miss a good opportunity
- Not dependent on borrowers credit rating
- Limited to no debt coverage from subject property
- Property Condition
- Primary underwriting criteria is sufficient equity in the property
Platinum Private Capital can assist investors obtain the needed financing within this space by offering more flexible underwriting, market knowledge with access to a large group of non bank lenders focused on this space.