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Hard money loan

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 request 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 land or ground-up construction. We will consider financing the acquisition of defaulted Notes for experienced sponsors (see recent transactions for examples). Register if you would like to receive regular updates from W Financial on the deals we are closing.

W Financial targets 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.

You may want to read articles by and about W Financial to get a better idea of what we do. While it will always vary from deal to deal, this is our basic submission checklist. Alternatively you can choose to apply online.

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

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Contact:

W Financial

149 Madison Avenue, Suite 701
New York, NY 10016

To discuss or submit new loan opportunities, contact David Heiden
Phone: 212-684-2283 x114 | Fax: 212-532-1222

For other information about W Financial, contact Gregg Winter
Phone: 212-684-2283 x111

If you would like to submit a new loan opportunity, click here for our submission checklist. Stay informed about our commercial loan programs and hear about our recently closed transactions - click here to join our mailing list

Apply Online
Articles of Interest

Greenpearl's Brooklyn Real Estate Summit 2011
Gregg Winter of W Financial (L) and David Ridini of Canyon Capital (R)
June 16, 2011

Summit


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


Gregg Winter on the Stoler Report


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


David Heiden on the Stoler Report

Recent TransactionsNewsletter
Bridge Loan, Park Slope, Brooklyn TriBeCa, NYC
$5,500,000 Bridge Loan to facilitate a time-of-the-essence closing for the acquisition of a development site (comprised of two contiguous 25' loft buildings in TriBeCa, NYC). In this case, even though the well-qualified borrower already had a construction loan commitment from a bank...
[Read More]
Bridge Loan, Park Slope, Brooklyn Park Slope, Brooklyn
W Financial has funded a bridge loan utilized to facilitate the time-sensitive, discounted acquisition of a $47 million note secured by 17 units and a commercial garage condominium in a...
[Read More]
Bridge Loan $3.7M Upper East Side, NYC
$3,700,000 First Mortgage Bridge Loan to facilitate the off-market acquisition of a 10-unit townhouse on one of Manhattan’s most desirable streets in the 90’s between Fifth and Madison Avenues. The Borrowers are experienced real estate investors who intend to convert the townhouse...
[Read More]
Bridge Loan $10M Upper East Side, NYC
$10,425,000 Bridge Loan to facilitate completion of an assemblage of properties on Manhattan’s  Upper East Side. The experienced borrower was acquiring one property and refinancing three others. The combined floor area ratio (FAR) of the properties will...
[Read More]
Bridge Loan $10M Greenwich Village/NoHo, NYC
$10,000,000 Bridge Loan which is being utilized by a successful real estate developer for the opportunistic acquisition of two contiguous mixed-use loft buildings on Broadway south of Astor Place in Greenwich Village. The Broadway loft buildings...
[Read More]
Bridge Loan $4M Orlando, Florida
$4,000,000 Bridge Loan to facilitate discounted debt buy-back on 56,810 SF retail center on 4 acres in Orlando, Florida. W’s team was on a plane to Florida within days of the borrower’s acceptance of our application. Our quick-close loan...
[Read More]
Bridge Loan $4M Williamsburg, Brooklyn
With a non-contingent contract signed, and only a short window of time to close, W Financial has provided a $3,100,000 bridge loan to finance the acquisition of a package of 11 condominium apartments in Edge and Northside Piers, two of the most...
[Read More]
Bridge Loan $4M Upper East Side, NYC
W Financial has provided a $2,500,000 first mortgage bridge loan secured by the 16 remaining units in a new 41-unit condominium development on Manhattan's Upper East Side. W's bridge loan...
[Read More]
Bridge Loan $4M Upper East Side, NYC
W has closed a $4,010,000 first mortgage bridge loan in three business days. The loan proceeds were needed to finance the acquisition of a development site in downtown Manhattan...
[Read More]
Bridge Loan $4M Greenwich Village, NYC
W Financial Fund has provided a $1,950,000 first mortgage bridge loan to facilitate the off-market acquisition of a multifamily townhouse on West 11th Street in Manhattan's highly desirable West Village neighborhood. Our Borrower is...
[Read More]
Bridge Loan $2.75M East Orange, New Jersey
W Financial closed a 9%, $4,000,000 first mortgage bridge loan secured by two apartment buildings with a total of 124 units in East Orange, NJ. The loan has a three-year term, accommodated a time-of-the-essence closing, and...
[Read More] [View Published Ad]
Bridge Loan $2.75M
Cobble Hill, Brooklyn
$2,750,000 Bridge Loan to acquire a 70-unit, loft-style multifamily property in Cobble Hill, Brooklyn. Complications included the property being subject to quirky affordable housing regulations and the need for a rapid, Time-of-the-essence closing deadline. This cash-flowing property qualified for a low fixed rate.
[Read More] [View Published Ad]
Bridge Loan $17.4M | Brooklyn NY North Williamsburg, Brooklyn
$17,400,000 First Mortgage Bridge Loan
Condominium inventory loan:
• Blanket loan on 38 units in 100% complete 62-unit luxury condominium building.
• 24 units already sold and occupied.
• Our loan will pay off the... [Read More]
[View Press Release] [View Published Ad]
Bridge Loan $6.75M West Chelsea, NYC
$6,750,000 Pre-Development Bridge Loan
collateralized by various assets including three land parcels with over 42,000 SF of FAR in a prime West Chelsea location and...
[Read More]
Bridge Loan $8.75M | Manhattan NY
Meatpacking District, NYC
$8,750,000 Bridge Loan
Closed in 48 hours! Ground-floor 11,862SF retail condominium steps from the Highline in Manhattan's Meatpacking District. The owner had the opportunity to buy out a purchase money mortgage at a significant discount, but only if the deal closed within a matter of days...
[Read More] [View Published Ad]
Hard Money $3.9M | Palmetto Bay FL
Palmetto Bay, Florida
$3,900,000 First Mortgage Bridge Loan
W Financial rescued a Borrower's 1031 tax-free exchange with this rapid-close bridge loan. This leasehold mortgage loan on a brand-new triple net-leased Walgreens in Palmetto Bay, Florida went from first phone call to closing within 10 days.
[View Published Ad]
[See More]

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