- Overview
- Bridge Financing
- Mezzanine Financing
- Note Purchases
- Recapitalization of Existing Ownership
- Corporate Finance
- Debt Investment Highlights
Affiliates
Bridge Financing
Canyon is very active in providing bridge financing collateralized by a senior lien on the underlying real estate. Loans range from $15 million to $200 million and are typically for a term of up to 5 years. Canyon's programs are very flexible and can include interest coupons structured as current pay or accrual and amortization schedules ranging from interest only to fully amortizing. Canyon financing can be used by owner/operators of real estate (i) to complete new acquisitions or developments; (ii) to recapitalize existing assets; (iii) to repurchase existing debt from current lenders; (iv) to acquire existing performing/non-performing mortgages; (v) to acquire certain equity interests of limited partners in existing partnerships; (vi) to complete construction on commercial projects which are positioned to produce income within a reasonable period of time; and (vii) to fund plans of reorganization or debtor in possession loans in the context of bankruptcy filings.
Bridge Loans
- Loan Size: $15 to $200 million
- Maturity: Up to 5 years
- Amortization: Deal-specific
- Security: 1st Mortgage lien
- LTC: Up to 70%
- Lockout: Negotiable, typically 12 months
- Equity Participation: Negotiable
- Property Types: All
Uses: Acquisition, Pre-Development, Construction, Recapitalization, Refinancing, DIP Financing, Repurchase of Borrower's Existing Debt, Liquidity Management, Asset/Liability Management
