Bridge Loans for Office Assets
Quick answer
Kismet Kapital structures bridge financing for office assets at 65–75% LTC, typically closing in 30–60 days. Underwriting is leasing-driven: in-place income, rollover, TI/LC reserves, and credit profile.
- Product
- Bridge Loans
- Asset Class
- Office
- Typical Leverage
- 65–75% LTC
- Typical Close
- 30–60 days
- Term
- 12–36 months (extension options)
- Recourse
- Non-recourse with carve-outs
Overview
Office capital remains highly structured, with most transactions capitalized through a blend of senior debt, mezzanine, and preferred equity tied to leasing momentum. Bridge loans are short-duration, floating-rate senior loans used to finance acquisition, lease-up, repositioning, or recapitalization of CRE assets. Typical execution favors debt funds, private credit, and select banks. For office assets, bridge proceeds are sized against underwriting is leasing-driven: in-place income, rollover, ti/lc reserves, and credit profile. repositioning capital often requires structured debt with hold-back tranches.
Why sponsors use Kismet Kapital for office bridge capital
office transactions are typically capitalized with Bridge, Mezzanine, Preferred Equity, Permanent (Selective). Kismet Kapital identifies which of those structures the current lender market will actually fund for your business plan, then runs a competitive process across the desks pricing office risk today.
Terms at a glance
- 65–75% LTC typical proceeds for bridge on office assets.
- Executions generally close in 30–60 days.
- Floating over SOFR with an interest reserve and extension tests.
- Common structures: Bridge, Mezzanine, Preferred Equity, Permanent (Selective).
- Lease-up multifamily acquisitions
- Transitional office and retail
Key facts
Kismet Kapital typically closes bridge financing on office assets in 30–60 days.
Bridge Loans for office assets generally size to 65–75% LTC.
Office capital stacks commonly include Bridge, Mezzanine, Preferred Equity, Permanent (Selective).
Frequently asked questions
What leverage is available on bridge financing for office assets?
Bridge Loans for office assets typically size to 65–75% LTC, with the exact proceeds driven by in-place income, business plan, and sponsor experience.
How long does a bridge loan on office take to close?
Most office bridge executions close in 30–60 days from signed term sheet.
How do lenders underwrite office assets?
Underwriting is leasing-driven: in-place income, rollover, TI/LC reserves, and credit profile. Repositioning capital often requires structured debt with hold-back tranches.
What capital structures work best for office assets?
Office Assets are typically capitalized with Bridge, Mezzanine, Preferred Equity, Permanent (Selective). Kismet Kapital engineers the mix that maximizes proceeds without breaking the business plan.
When is bridge the right product for an office deal?
Short-term senior debt designed to bridge a transitional business plan to a stabilized exit. It fits office transactions such as lease-up multifamily acquisitions and transitional office and retail.
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