Providing short-term, floating-rate bridge loans to borrowers across the US.
LaSalle Debt Investors is a US commercial real estate bridge lender providing short-term, floating rate loans to middle market commercial real estate borrowers seeking hand-crafted real estate solutions. Our primary focus is on originating new bridge loans for value-add and transitional properties in sustainable growth markets throughout the United States.
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Assets in US dollars; data as of June 30, 2024
Why choose us?
We are an active non-bank lender and have originated 400+ loans since 2006.
The team has invested across a broad range of asset classes in 37 US states, including multifamily, industrial, hospitality and other commercial real estate.
LaSalle’s financing solutions can be customized to suit your funding needs.
Loan parameters and eligibility
General parameters
First trust deed or senior secured mortgage finance
Loans remain on balance sheet
Asset management duties performed in-house
Location: nationwide
Loan amount: $5 million – $40 million
Leverage:
Up to 85% LTC on multi-family
80% on office, industrial and retail
75% on hospitality
Interest rate: Term SOFR + 295 to Term SOFR + 600
Term: 2 – 5 years
Yield maintenance: 12 – 24 months
Origination: 0% at close, 1% – 2% upon exit
Non-recourse with standard “Bad Boy Carve Outs”
Sub 1.0 DSCR accepted, min debt yield not required
Reserve accounts are future funded and do not accrue interest until funded
Time to close as short as 30 days from application
Preferred property types
Multifamily apartments
Multi-tenant industrial
Flagged hospitality
Multi-tenant retail and mixed use
Student housing
Multi-tenant office
Portfolios of any of the above
Non-eligible property types
Healthcare and assisted living facilities
Single-family residential homes
Land
Special use real estate such as casinos, gas stations or mobile home parks
Example loans
Dallas, Texas
Multifamily complex
$22 million | first mortgage | 231 units | refinance and rehab
San Jose, California
Hospitality
$22.9 million | first mortgage | 146 rooms | refinance
Denver, Colorado
Office
$23.75 million | first mortgage | 73,514 square feet | class B office refinance
Boise, Idaho
Multifamily complex
$8.37 million | first mortgage | 71 units | acquisition and rehab
Phoenix, Arizona
Hospitality
$10.9 million | first mortgage | 128 rooms | refinance
Los Angeles, California
Office
$9.15 million | first mortgage | 14,372 square feet | class B office refinance and rehab
Dallas, Texas
Multifamily complex
$7 million first mortgage | 113 units | multi-family acquisition and rehab
Phoenix, Arizona
Hospitality
$10.9 million | first mortgage | 119 rooms | hospitality refinance
Charlotte, North Carolina
Retail
$10.7 million | first mortgage | 39,118 square feet | class B retail acquisition
Mobile, Alabama
Multifamily complex
$6.4 million | first mortgage | 154 units | multi-family acquisition and rehab
Vancouver, Washington
Hospitality
$12.4 million | first mortgage | 87 rooms | hospitality refinance
Fort Lauderdale, Florida
Office
$8.45 million | first mortgage | 49,452 square feet | class B office refinance and rehab
Jacksonville, Florida
Multifamily complex
$4.75 million | first mortgage | 64 units | multi-family acquisition and rehab
Fairfield, California
Hospitality
$15.7 million | first mortgage | 137 rooms | hospitality acquisition and PIP
Seattle, Washington
Retail
$12.5 million | first mortgage | 23,349 square feet | class A retail refinance
These transactions are meant for illustrative purposes only, are subject to change without notice and are not meant as a projection or estimate of the nature of investments or returns on any such investments. This information has been prepared by LaSalle Debt Investors in order to illustrate the type of strategies that the Advisor might seek to implement. There can be no guarantee that the Advisor will be able to make these investments or that such allocation will be achieved.
Make sure you’ve spelled everything correctly, or try searching for something else. If you still can’t find what you’re looking for, you can always Contact us to talk to someone.
LaSalle news
Jul 26, 2022 Brian Klinksiek to Succeed Jacques Gordon as LaSalle Global Head of Research & Strategy3 min read
Jacques Gordon has confirmed he will retire from the business at the end of 2022 in to order pursue interests in higher education.
Jul 26, 2022 JLL Income Property Trust Acquires Retail Center in Durham, NC3 min read
Constructed in phases between 2010 and 2015, Patterson Place tenants include national retailers such as Five Guys, AT&T and Moe’s.
May 05, 2022 LaSalle Earns 2022 ENERGY STAR® Partner of the Year Award for Fourth Consecutive Year5 min read
LaSalle Investment Management (“LaSalle”) is proud to announce that it has received the 2022 ENERGY STAR® Partner of the Year Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy for the fourth consecutive year.
Make sure you’ve spelled everything correctly, or try searching for something else. If you still can’t find what you’re looking for, you can always Contact us to talk to someone.