Commercial Bridge Loans - Direct Lender

W Financial is a direct, private bridge lender based in Manhattan, NYC which makes short-term bridge loans secured by commercial real estate. W Financial is capable of analyzing, structuring and closing your time-sensitive loan very quickly. Seasoned bridge lending veterans Gregg Winter and David Heiden manage W Financial and will be your primary points of contact. Read on to get a better idea of the kinds of deals that we target.

We focus on multifamily, commercial and investment properties in the New York Metropolitan area, however we will also consider cash-flowing properties in other primary markets Nationwide. We provide financing for both cash-flowing, income-producing properties and for select transitional properties. While we will sometimes consider providing completion dollars for compelling new development scenarios that are at least 90%+ complete, we do not finance ground-up construction. We will consider financing the acquisition of defaulted Notes for experienced sponsors (see recent transactions for examples). Click on this link and register if you would like to receive regular updates from W Financial on the deals we are closing.

We focus on loan scenarios that cannot be adequately handled by traditional lending sources either due to time constraints, deal complexity or the transitional nature of the asset. We primarily make first mortgage loans with a maximum loan-to-value of 75%.

Our goal is to help facilitate the implementation of our borrower's clear, well thought-out business plan, and then to be repaid upon either a sale or refinancing of the property, typically within 6 to 24 months. We especially favor deals in strong locations that have multiple exit scenarios. Review our recent transactions for more than 30 examples of deals closed by W Financial.

We will consider “fractured condo” scenarios in top-quality locations where construction has been completed and perhaps some units have been sold, where the developer is looking for a bridge loan that will allow him the flexibility to rent units now, and then sell units at a later date. We will, however, only consider such scenarios where the deal will underwrite as a rental based on conservative assumptions, thus in many cases the developer will need to reduce the balance of the construction loan to be able to achieve a viable rental scenario. In other words “fractured condo” deals almost never work at the construction loan amount. The developer must be strong enough to bring sufficient cash to the table to reduce the construction loan balance to a level where the project will actually work as a rental. The developer’s cash flow from other sources must also be strong enough to be able to handle the debt service until all the units have been rented. W Financial underwrites these deals so that once all the units have been rented and a stabilized NOI has been achieved, the developer can then refinance our bridge loan with conventional financing.

W Financial’s commercial real estate bridge loans are intended to facilitate access to opportunities, and to help execute a viable business plan to create or enhance a property's cash flow. Then, once the owner’s or developer’s objectives have been achieved, the bridge loan can be repaid either via conventional bank financing or a sale of the property. Click here to see examples of recently closed transactions. To read recent news and press coverage of W Financial click here.

W Financial focuses on transactions between $1,000,000 and $20,000,000.

Submission Checklist Articles of Interest

The Stoler Report
"Specialty Lenders’ View of the Marketplace"

The Stoler Report
"Real Estate Trends in the Tri-State Region: Alternative Sources of Real Estate Lending During the Recession"