Park West Capital is Offering Bridge Loans, and Here’s What You Should Know
Corporations, investors, businesses, institutions, real-estate developers, and foreign nationals across the US recourse to the bridge loan solutions offered by Park West Capital. The company is a reliable alternative real estate finance lender offering definitive, innovative solutions for prompt execution of different realestate, time-sensitive acquisitions. Park West Capital offers a range of short-term bridge loan solutions that can be tailored to meet the different needs of different real estate investors all the time. So do you know what bridge loans are in the first place? If not, then we’ve defined that in the simplest of terms for you. Explaining bridge loans This specific financial product can be thought of as an interim financing option; it’s a short-term loan that’s used for offering temporary financing solutions. A bridge loan in real estate can be used for either purchasing or renovating a property. Now, let’s see for what all purposes does Park West Capital offer bridge loans. Real estate types Park West Capital offers commercial bridge loans for different properties, such as: Apartments (5 units or more) Bulk distribution/industrial Grocer anchored retail Unanchored and anchored retail Mixed-use Office (CBD and suburban)
Self-storage Cross-collateralized portfolios Rental income residential investments Because, now, you know all the property types for which Park West Capital will offer bridge loans, it is time to read a few details related to this loan. Key details of bridge loans offered by Park West Capital $1 million to $25 million 12 to 36 months 75 percent max LTV 1 to 4 percent commitment fee 7 percent to 12 percent First mortgage or any other customary collateral Recourse (interest only) So, now, if your business needs a bridge loan, then you should go ahead and connect with the financial real estate experts working with Park West Capital. These experts can discuss your case and suggest you a custom bridge loan solution.