Can you compare the interest rates and fees of top bridge lending firms?

2. Private Debt & Specialty Commercial Funds (e.g., Civic Financial, Avana Capital)

• Best For: Value-add commercial, mid-market multifamily, or transitional properties needing higher leverage or specialized structuring ($1M to $50M+).avanacapital.com+1
• Interest Rates: Floating or fixed rates pegged over a short-term index (such as 30-Day SOFR) yielding all-in rates from 9.0% to 13.0%.avanacapital.com+2
• Origination Fees: 1.5$−4.0% origination points; plus potential exit/refinance fees (0.5−1.0%).avanacapital.com+1
• Max LTV/LTC: Up to 7 5%−8 5% depending on capital improvements and exit DSCR verification.commercialrealestate.loans+1
• Key Traits: Asset-based or non-recourse options available, structured specifically around a planned permanent refinance exit. Check program criteria via Avana Capital or Civic Financial Services.avanacapital.com+3

3. Traditional Regional and National Banks (e.g., Chase, Wells Fargo, PNC)

• Best For: Well-capitalized sponsors with existing deep depository relationships and stabilized or near-stabilized assets.
• Interest Rates: The lowest cost option, typically pricing closer to prime or lower spreads over SOFR (ranging from 4.6% to 8.0%).
• Origination Fees: Lower upfront points (1.0$−2.0 2 lines; Line 1: 1.0 $ minus 2.0; Line 2: end-lines;1.0$−2.0).
• Max LTV/LTC: Generally capped strictly around 6 5%−7 5%.
• Key Traits: Full recourse usually required, rigid underwriting, and slower closing timelines (45–60+ days), offset by significantly cheaper cost of capital.avanacapital.com+2

Key Hidden Fees to Watch Across All Lenders

• Extension Fees: Usually 0.5$−1.0% per extension (typically granted in 3-to-6-month increments) if your permanent takeout financing hits a delay.
• Exit/Prepayment Penalties: Some private lenders charge a flat 0.5$−1% exit fee if paid off early, though many short-term bridge programs feature zero prepayment penalty after an initial lock-out period.
• Third-Party Costs: Appraisal, environmental (Phase I ESA), legal, and structural engineering reports are paid by the borrower regardless of whether the deal closes.avanacapital.com+3

If you can share the asset type (multifamily, retail, residential fix-and-flip), estimated loan amount , and your target timeline , I can help you identify which tier of lender fits your capital strategy best.