A property in Manhattan needs interior renovations after a fire.  A motel in Syracuse is being purchased but requires significant upgrades. A partially leased office building in Providence is being acquired/repositioned and needs time-sensitive capital to close and fund leasing expenses. Candidates for bridge lending run the gamut concerning different circumstances and property types, however all have a common profile: the need for time-sensitive financing on complex transactions which fall outside of traditional lenders appetites. 

Clearly, achieving success in this environment requires a motivated and focused lender – and a steady hand.   LD&A is uniquely positioned to offer both, with our broad knowledge of regional markets, direct access to a range of national and regional lenders, and a get-the-deal done ethos that never fails to deliver.

As experts in Credit Tenant Lease (CTL) financing, LD&A helps commercial property owners and developers benefit from these specialized typically financing vehicles which are underwritten on the financial strength of the tenant and typically cover 100% of project costs.    This type of financing is often recommended for properties leased by “credit rated” businesses or government agencies on properties which include corporate offices, big-box retail and industrial or government sponsored transitional public housing.    The loans are non-recourse and feature low fixed interest rates for between 20-30 years in duration.   They are typically structured as self-liquidating, so the loan is fully repaid by maturity. 

LD&A professionals have direct access and long-term relationships with a broad range of CTL lenders and have helped structure and finance over $500 million in CTL financing throughout our market areas.

Whether arranging the financing for the construction of new “ground up” buildings or the renovation and re-purposing of an older structure, construction loans are at the core of LD&A’s expertise.  The construction loan’s interest only period of between 2 – 3 years is augmented by fixed rate amortizing mini-perm loan, typically 3-5 years in duration.

With more than $3.5 billion in construction loans under our belt, we know the intricacies and opportunities for getting your deal done with lasting benefits for our clients. For example, LD&A’s expertise in arranging complex Historic Tax Credit financing has helped developers transform vacant or underperforming mill buildings into vibrant residential and commercial communities throughout our regional footprint. LD&A arranges complex financings which not only funds project costs but also “bridges” the timing gap between incurred project costs and receipt of the cash proceeds from the sale of historic tax credits.

Understanding the uniqueness – and opportunity - of every project lets us tailor the right combination of intelligent, advantageous and profitable financial strategies.

Permanent, or “perm” loans, for stabilized properties are ideal opportunities to take advantage of LD&A’s expertise and direct access to its correspondent life insurance company lenders. While typical bank financing may fix their interest rate for up to 10 years in duration, life insurance companies offer fixed interest rate loan terms of up to 30 years. Additionally, life insurance company financing is nonrecourse and has no annual “loan/value” or “debt coverage” covenants.

As a correspondent to these life insurance companies, LD&A services each of these loans from the collection of monthly loan payments to expediently coordinating lease approvals and loan assumptions. This ensures that exceptional beginning-to-end service is guaranteed.