The deal at a glance: $6.5M commercial mortgage · industrial property, Connecticut · bridge loan refinanced into a long-term mortgage with a federally regulated bank.
The Challenge
Bridge loans do a job: they close fast when a deal can't wait. But they're a tool, not a destination — and this Connecticut industrial property had been sitting on one, paying high-interest bridge pricing long after the bridge had served its purpose. Every month at that rate was money that should have been going back into the business.
What We Did
We prepared the file the way a bank underwriter wants to see it and brought the property to a federally regulated bank for a long-term commercial mortgage. Bank-grade underwriting is slower and more demanding than bridge lending — that's exactly why the pricing is dramatically better, and why the packaging of the borrower's financials matters as much as the property itself.
The Result
A $6.5M long-term mortgage that dramatically reduced the owner's financing costs — replacing expensive short-term money with stable, bank-priced debt. The savings drop straight to the bottom line, every month, for years.
What It Means for You
If you're on a bridge loan, a hard money loan, or any expensive short-term facility, the exit is the whole game. The difference between refinancing now and refinancing "someday" is measured in real dollars every month. We know which lenders fit which properties — and how to package a file so the bank says yes.
Have a deal that looks like this one? Tell me the basics and I'll tell you, straight, how I'd approach it. Call 914.419.3059, email mike@ntibfin.com, or book a free consultation. More deals on our completed projects page.