Overnight Bridge Loans

Short-term loans used until more permanent financing can be secured
Often an ideal solution for many time-sensitive transactions, such as securing a favorable acquisition, starting a business, repairing a storm-damaged building before an insurance settlement, or preparing for a public offering

Fast Financing

Porter Capital can move as quickly as our clients
Decision can often be made following brief, fact-finding phone call
Verbal commitment can be given without appraisal of collateral
Typically, loan is closed within 10 days of initial call, or approximately 48 hours after title work and due diligence is concluded

Loans range from $100,000 to $20,000,000
Collateral can include publicly traded stock, machinery and equipment, accounts receivable, and real estate
Terms range from 90 days to 24 months
Interest rate ranges from 1% to 1.75% a month
Typically, borrower pays points as an origination fee
In some circumstances, interest, fees, and points can be added to the loan
All loans are based on a Loan-to-Value Ratio rarely greater than 50 percent of the quick sale value, with raw land and empty-building loans limited to 30 percent
Refundable expense deposit is required before loan processing can begin
In most cases, our insurance carrier will provide the environmental insurance coverage

Quick response
Short-form appraisals usually accepted
Flexible loan structure
Brokers protected
Overnight bridge loans
Minimal documentation; minimal upfront fees
Bank workouts, foreclosures, bankruptcies and debtor-in-possession financing are all acceptable, as well as many other kinds of creative funding

Superior Orthodontics - $350,000 Pre-Public Offering Loan (Westchester County, NY)
Shaw Equipment - $300,000 Bridge Loan on Office Building (Birmingham, Alabama)
Simply Lite Foods Corp. - $300,000 Secured Term Loan (Long Island, NY)
Manhattan Development Corp. - $450,000 Revolving Bridge Loan (New York, NY)
Midway Funeral Home - $185,000 Bridge Loan (Alabama)
Nuclear Parts Supplier - $770,000 Bridge Loan on Building & Machinery (Pittsburg PA)
FWTX Building, LLC - $1.8 million loan on empty 31-story Office Tower (Ft. Worth, Texas)
The Texas and Pacific Building, LLC - $1.0 million loan on 600,000 SF empty Warehouse (Ft. Worth, Texas)
Diet and Fitness Condo – $4.5 million loan on 114 condos for conversion (North Carolina)

Click here to receive a download of our complimentary Working Capital Guide.

This Guide includes information on business financing options and how to decide which is best for your business.