We are now funding Debtor in Possession financing (DIP financing). This is a special form of financing granted to companies in financial trouble. Usually these companies are in a Chapter 11 bankruptcy. The unique feature of a DIP loan is that the bankruptcy court usually grants a super-priority status to the new loan. This means that the new loan gets to jump in front of any mezzanine financing and any senior mortgages in the debt stack.
Bronx Capital LLC has substantive experience in these types of projects and can provide DIP financing. Please go to the Contact Us page if you are interested in securing such financing.
Eligible Property Types | Geography (Tier 1 Markets in US) | ||
| Multi-family Apartments Grocery Anchored Retail Shopping Centers Mixed Use CBD Office Suburban Office Medical Office Student Housing Warehouses / Distribution / Flex Flagged Hotels Parking Garage Self Storage Condo Unit Inventory Loans | Multi-family anywhere in USA
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All First Mortgages: Loan / Deal Sizes ($2,000,000 – $30,000,000+)
| First Mortgages | Purchasing Distressed Debt | Financing Third Parties Purchasing Distressed Debt |
Loan to Value Ratio Up to 75% Interest Rate 11 – 15% Term 1 – 3 years Amortization Interest Only Recourse Preferred Origination Fee 3 – 5 Points Exit Fee None Extensions Yes Extension Fee 1/2 – 1 Point Borrowing Entity Special Purpose Entity | Loan to Value Ratio Up to 75% Interest Rate TBD Term 1 – 5 Years Amortization TBD Recourse TBD Origination Fee 3 – 5 Points Exit Fee None Extensions Yes Extension Fee 1/2 – 1 Point Borrowing Entity Special Purpose Entity | Loan to Value Ratio Up to 75% Interest Rate TBD Term 1 – 5 Years Amortization TBD Recourse TBD Origination Fee 3 – 5 Points Exit Fee None Extensions Yes Extension Fee 1/2 – 1 Point Borrowing Entity Special Purpose Entity |