Gregg Loubier, a partner in the law firm of Allen Matkins sits down with me at the CRE Finance Council, West Coast High Yield Real Estate Finance Summit in Santa Monica in May 2014.
Gregg explains what a bridge loan is, in the context of commercial real estate and how it is often used to create value in the real estate.
As Gregg explains, the:
“essential feature of a bridge loan is that there is some kind of work of improvement or other activity that is improving the value of the project” rather than a loan that “just helps the borrower finance the passage of time.”
Other notable quotes include:
“taking an asset that is less than it can be and turns it into something of value.”
These are “Loans to Somewhere”