Bridge Development secures financing for big spec industrial project

Real estate development is a multi-step process that can be complicated, lengthy and risky. It can take years to bring a project from the initial planning stage through construction to final completion, and there are plenty of obstacles that can pop up along the way.

Many banks have online calculators that can give you a rough idea of your borrowing limits. Also meeting with a loan officer to get prequalified or pre-approved for a loan is a good place to start. You can also discuss your options which will vary from one bank to another, especially for construction loans and bridge financing.

Parkview originates loans for various property types, including multifamily and single-family spec homes, mixed-use, retail, office, industrial, and entitled land.. HOME ABOUT US BRIDGE LOANS CONSTRUCTION LOANS NEWS. East Bay Mixed Use Development Secures $65MM Loan.

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NEW YORK–(BUSINESS WIRE)–CIT Group Inc. (NYSE:CIT), cit.com, a leading provider of commercial lending and leasing services, today announced that CIT Real Estate Finance provided a senior secured construction loan to Bridge Development Partners, a privately owned commercial real estate firm that develops and acquires industrial and office assets.

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Bridge Development Partners secured financing for its new spec industrial building in suburban bedford park, the latest project in the area for the Chicago-based firm. Simmons Bank provided the $12.3 million construction loan for the Bridge Point Bedford Park development at 6855 West 65th Street, according to Cook County property records.