$100mm Month for Bravo Bridge Fund: Daytona Beach and Brooklyn Financings Highlight Fast Growing Bridge Lender
Bravo Bridge Fund closed over $100MM in financings NEW YORK, April 20, 2022 (GLOBE NEWSWIRE) — Bravo ridge Fund closed over $100MM in financings during the past month. Featured among Bravo’s transactions are bridge loans for Osprey Landing, 1620 New York Avenue, and Casa De La Rosa. The bridge loans were closed through the firm’s […]
HUD 223(f) 80% Cash Out Refinancing Program Picks Up Steam as Property Values Increase
Multifamily property values Multifamily property values across the nation are increasing in response to macroeconomic factors and aftershocks caused by the COVID-19 pandemic. As a result, property owners are incentivized to take advantage of the HUD 223(f) refinance program given its unique cash out feature. A cash out allows borrowers to take out up to […]
Advantages of Long-Term Fixed Rate Financing
Bravo Capital’s HUD financing products All of Bravo Capital’s HUD financing products are fixed rate, non-recourse and fully amortizing; please see the following examples: Generally, property value rises over time, but even more enticing are investment opportunities before an intense inflationary period. In an era of rising prices and falling value of the dollar, […]
Bravo Capital Funds $200 Million in Bridge & HUD Financing Through Q2 2022
Bravo Capital Funds $200 Million in Bridge & HUD Financing Through Q2 2022 NEW YORK, July 25, 2022 (GLOBE NEWSWIRE) — Bravo Capital and its Bridge Fund affiliate, Bravo Bridge Fund LLC, have closed approximately $200,000,000 in Bridge and HUD-insured financing this year through Q2 2022. With a $30.6MM skilled nursing portfolio financing and a […]
HUD Increases Large Loan Limit to $120 Million
In a significant development for the housing industry, HUD announced on June 28, 2023, that it has revised its large loan limit from $75 million to $120 million.This adjustment marks a crucial step forward in accommodating the rising costs of housing and construction. HUD’s Multifamily Accelerated Processing (“MAP”) Guide, which governs the underwriting standards for […]
Bravo Property Trust Lends $169M on Jersey City Apartments Project
Bravo Property Trust, an affiliate of Bravo Capital, has closed a $169.3 million construction loan for a multifamily project in Jersey City, N.J., Commercial Observer can first report.
Bravo Capital Refis Delaware Apartments With $44M HUD Loan
Delaware developer The Buccini/Pollin Group (BPG) has landed $44.2 million of agency-backed debt to refinance a multifamily property in Wilmington, Del.,Commercial Observer has learned.
Bravo Property Trust Supplies $62M Refi on Newark Apartments Development
A joint venture between Tona Development Group and KS Group has landed $62.2 million of bridge debt to refinance a multifamily property in Newark, N.J.,Commercial Observer can first report.
Bravo Capital on Real Estate Credit in 2025: Outlooks, Obstacles, and Opportunities
Key Takeaways The commercial real estate debt market faces a significant maturity wall, with over $2.1T in debt expiring between 2024 and 2025. Traditional bank retrenchment has created opportunities for private credit providers, particularly in specialized sectors like multifamily and healthcare.Private credit markets have demonstrated remarkable growth, expanding from $1T in 2020 to approximately $1.5T […]
Bravo Property Trust Closes $65M Construction Loan for Jersey City Mixed-Use Development
Bravo Property Trust, an affiliate of New York-based commercial real estate private capital provider Bravo Capital, this week announced that they have closed a $65 million senior construction loan for a mixed-use development in Jersey City’s West Side submarket. Jacob Savitt originated the loan on behalf of Bravo Property Trust. “This financing underscores Bravo’s strategy […]