The Anchor Insider — Issue #107
Bridge lenders are in a knife fight for deal flow right now.
Spreads are compressing. Term sheets are coming back in 24 hours instead of 5 days. And we’re seeing originators sweeten terms just to win the mandate.
If you’ve been sitting on a deal because you assumed financing would be painful — this is your window.
📋 Here’s What Happened This Week
A mixed-use property in downtown Orlando. Strong cash flow ($28K/month). One active tax lien.
Three lenders said no:
- ❌ Regional bank: “Not our profile”
- ❌ Credit union: “Come back in 90 days”
- ❌ CMBS: “Automatic disqualifier”
But one lender understood the deal. Escrowed the tax lien at closing. Closed in 21 days instead of the 45+ the borrower had left.
The Numbers
Property value: $3.5M | New loan: $2.4M (70% LTV) | Rate: 9.75% + 1.5pt | Tax lien: Cleared at close | Time to close: 21 days
Eight months later? The borrower refinanced into conventional at sub-7% and is saving $6,000/month.
The difference wasn’t the rate. It was the question the lender asked: “Can we solve this?” instead of “Does this fit our box?”
🔥 5 Auction Deals This Week
- Sherwood Hills Resort — Wellsville, UT (Apr 30) | Multi-use hospitality + senior housing campus | Bridge lender’s dream.
- Medical Suites — Lauderhill, FL (Apr 30) | Broward County, State Road 7 | Medical office doesn’t auction often.
- Development Site, Healthcare District — Lexington, KY (May 5) | 2 acres in medical corridor | Developer’s playground.
- Mixed-Use Property — Baltimore, MD (Apr 21) | Park Ave trustee’s sale | Ground floor retail + residential.
- Bar/Nightclub, U Street Corridor — Washington, DC (Apr 30) | Fully built-out in DC’s premier nightlife district | Operator or real estate play.
📊 Market This Week (April 8)
T-Bills: 3.70% | 10-Year Treasury: 4.05% | Bridge Range: 8.5% – 13.5% | Fed Outlook: Holding through summer. Potential cut in September.
Translation: Smart money is moving on value-add deals while pricing still favors buyers. Multifamily and industrial getting the most aggressive terms. Retail and mixed-use creeping back.
💡 The Pattern
Bridge lending isn’t dead. It’s transforming.
The lenders winning right now aren’t the ones with the lowest rates. They’re the ones asking the right questions:
- Can we solve this problem?
- What’s the exit strategy?
- What does the spreadsheet actually say?
If your last three lenders said no, that doesn’t mean the deal is dead. It means you haven’t talked to the right lender yet.
💬 Got a Deal?
Have a deal that needs fast financing? Bridge loans, DSCR, hard money, construction, SBA alternatives — if the deal is solid but the financing is holding you back, that’s exactly what we solve.