Investing in real estate has been around since the world started marking time and is a widely accepted and used strategy to diversify an investment portfolio. With the recent changes in the marketplace, the commercial real estate market has entered a choppy time, with pricing inconsistency catalyzed by surplus liquidity, higher interest rates, and buyers/investors being more aware than ever in focusing on the most valuable properties measured in both highest and best use as well as pure pricing considerations. Since good deals move quickly, BridgeXFunding and other non-traditional direct lenders provide today’s players quick, flexible and assured access to capital. This is where BridgeXFunding makes a world of difference.
BridgeXFunding is a direct portfolio lender originating commercial bridge loans in the Greater Tri-State Area. Spear-headed by Joel Kraut, Director of Originations at BridgeXFunding, the team has a proven multi-year track record of structuring and funding real estate-backed loans. The firm provides clients funding for refinancing, acquisitions, partner buyouts, bankruptcy resolution, equity recapture, and other market-driven opportunities.
As we are the end-decision makers, our loans are issued in a quick and decisive manner. We always close the deals we commit to our clients
BridgeXFunding provides fast capital solutions to buyers, investors and owner-operators across the spectrum of commercial real estate, from multi-family residential to industrial and retail properties. Its holistic approach begins with an assessment that looks beyond just the borrower’s creditworthiness and takes a very asset-driven approach to its underwriting. Its team also leverages advanced technology tools for third-party reporting to evaluate a property’s condition and value via appraisals, environmental data and a client’s credit and background reviews. This approach streamlines administrative procedures and due diligence, enabling us to reduce the time to close deals to two weeks and, in some cases, even less.
With its common sense underwriting approach, BridgeXFunding is able to provide investors and owner-operators of commercial properties fast and flexible access to capital. Contrary to many other lenders in the space, we are the end-decision makers. When making our loan decisions, we don’t have to report to additional parties enabling us to execute quickly and provide fast definitive answers to the person who is coming to us for the loan. Generally, we are working either with a broker on behalf of their client or the actual owner or buyer of the property. The key for us at BridgeXFunding is when we commit, we always close the deal.
One of the main changes for many of us in the private lending space in the last few months is the changeover to floating-rate structured loans. In simple terms, BridgeXFunding floats the interest rate on the loan with a spread over the prime lending rate. Repayment options are structured to suit client requirements on a case-by-case basis enabling borrowers to repay loans in as little as six months to as long as two years.
BridgeXFunding’s expertise and long standing relationships in the private lending space enable us to bring additional value to our clients. We are able to offer our clients multiple third-party vendor options enabling buyers, investors and owner operators the ability to select service providers that meet and exceed their needs regardless of the property type or deal structure!
Over the years, BridgeXFunding has evolved as a household name among borrowers for its certainty in deal execution. The direct private bridge lender has closed a significant number of mortgage deals, helping buyers, investors and owner-operators both grow and add value to their real estate portfolios. Today more than ever, non-traditional lenders like BidegeXFunding, who offer flexible, fast capital solutions, are making it easier and more efficient for commercial real estate investors, buyers and owner operators to build and add value to their real estate investment portfolios!
