Bridge debt funds the gap between a property’s current condition and its stabilized value, typically 12 to 36 months of capital for assets in transition.
What We Do
Bridge debt funds the gap between a property’s current condition and its stabilized value, typically 12 to 36 months of capital for assets in transition.
When It’s the Right Tool
Value-Add Acquisitions: Assets that need renovation, re-leasing, or repositioning before they qualify for agency or CMBS debt.
Lease-Up & Stabilization: New or renovated properties below stabilized occupancy that need time to reach permanent-lender income levels.
Time-Sensitive Closings: Competitive acquisitions where certainty and speed can decide the deal.
Recapitalizations & Buyouts: Extract equity, buy out a partner, or restructure ownership while the long-term strategy takes shape.
Representative Market Terms
Parameter | Guideline |
|---|---|
Loan Amount | $2M to $500M+ |
Loan-to-Value | Up to 80% |
Loan-to-Cost | Up to 85–90% incl. renovation |
Term | 12–36 months + extensions |
Pricing | SOFR + 275–600 bps |
Recourse | Non-recourse available |
Closing | As fast as 14 days; typically 30–45 |
Geography | Nationwide |
The Johnson Capital Edge
Live Market Intelligence: We know who is quoting, at what terms, and how to position the deal, refreshed deal by deal.
Execution Speed: Packages are built to move through lender committee quickly when timing decides the deal.
Structuring Creativity: Earn-outs, future funding, stretch senior, and mezzanine components engineered for non-standard deals.
