Bridge City Capital’s reputation as New York’s coveted financial bureau originates from its joint initiatives at Meral Property Group and Hamilton Eastman Capital, two well-known property acquisitions and development firms that span comprehensive development and management subsidiaries.
High-Level Lending Parameters
Loan Amounts: $1-30 million (mostly $1-10 million)
Loan-to-Cost: 80%
Lending Terms: 6 to 42 months loan duration
Interest Rate: 8% one point in one point out
Markets: New York short-term loans, bridge lending, financing, construction lending, mezzanine lending
Asset Classes: Multifamily, development, mixed, condo and “commercial” (retail, etc.)
Recently-Closed Deals
- Mixed-Use Property: Construction loan in Brox, New York for $54 million
- Development Property: Construction loan in Brooklyn, New York for $23.5 million
- Multifamily Package: Mezzanine loan in Bronx, New York for $18.5 million
- Development Property: Refinance loan in Brooklyn, New York for $8.25 million
