Bridge Loan Modeling - Any differences from construction modeling?
Modeling the levered returns for a value-add office deal and wanted to make sure I was handling the bridge loan correctly. While of the debt will go toward the PP, will the remaining debt be drawn to fund the CapEx like with a Construction loan or all at once at purchase?
Thanks guys
It depends on the loan docs and if there is a future funding component for specific CAPEX/TI/LC issues.
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