Bridge & Lease-Up Financing

Bridge the gap to stabilization — with an option to exit directly into perm.

We're full-stack debt and equity advisors for multifamily and BTR sponsors. We structure the bridge with a cost-effective option to exit directly into agency or HUD perm. This gives you true optionality for both your short and long term business plan.

Book a 30-min call See the programs
Debt & equity, one desk

The programs at a glance.

Senior bridge debt, gap equity, or both stacked into a single execution. Here's how each one is structured.

Bridge Debt Program

Senior bridge to perm

Sized to get you to stabilization, structured to exit clean.

Sizing
As low as 7.00% debt yield on stabilized NOI
Pricing
Senior debt starting at SOFR + low 200's
Takeout
Sized to a HUD takeout — most lenders size strictly to agency
Exit
No exit fee into perm (Agency or HUD) with built-in cost savings
Recourse
Non-recourse
Proceeds
Cash-out available
Timing
Close as early as TCO — best results starting at pro forma

Sizing to HUD instead of agency can mean meaningfully more proceeds today against the same stabilized NOI.

Gap Equity Program

Pref equity to fill the stack

When the bridge doesn't get you all the way there, we bring the gap.

Returns
Mid-teens target returns
Current pay
Flexible — structured around lease-up cash flow
Perm
Pref can roll into the perm behind agency
Structure
Stacks with the bridge in one coordinated execution
Terms
Built around your waterfall, not a template
Contact
One point of contact across debt and equity

Flexible current pay keeps the deal liquid through lease-up; the pref can roll into the perm behind agency so you don't refinance it out.

Our unfair advantage

We see the whole market — down to the individual investor.

WelcomeLend was built AI-native from day one. Our platform tracks deal flow, lender activity, capital formation, and securitizations in real time — so a bridge isn't quoted on gut and a stale rate sheet. It's built on live data the rest of the market can't see.

The full go-to-market picture

Before we structure your deal, we already know who's lending, where, and at what level — at the firm and the individual investor level.

  • Capital flows, live
    Who's deploying into your asset class and market this quarter — not who said they were last year.
  • Fund status & dry powder
    Where a fund sits in its lifecycle, what's left to place, and whether they're a real counterparty right now.
  • Securitizations, tracked
    CMBS, agency, and RTL securitization activity mapped in real time — we know what's clearing and at what spread.
  • Investor-level intelligence
    We drill past the logo to the individual who actually writes the check — and bring your deal straight to them.
Days, not weeks
We go to market with a targeted lender list, not a mass blast. The data tells us exactly who to call, so quotes come back fast and real.
>$4B
Total closed across the platform, $1.4B in the trailing twelve months — execution that proves the data works.
One graph
Our proprietary lender and sponsor graphs connect every counterparty, deal, and capital source — an edge that compounds with every close.
Recently closed

Proof, not promises.

$1.4B
closed in trailing twelve months
Image may differ from actual property
$66M
Multifamily Refinance
Charlotte, NC
LTC 80%Rate SOFR+330Sized to year 2 NOI DY
Image may differ from actual property
$53.8M
Multifamily Refinance
San Antonio, TX
LTC 80%Rate SOFR+350Non-recourse
Image may differ from actual property
$32.3M
Build to Rent Refinance
Sandy, UT
LTC 85%Rate SOFR+320Cash-out, non-recourse
Image may differ from actual property
$31.5M
Multifamily Refinance
Milwaukee, WI
LTC 85%Rate SOFR+225Sized to year 2 NOI
Image may differ from actual property
$26.4M
Multifamily Refinance
Reno, NV
LTC 80%Rate 8.25% fixedSized to year 2 NOI
Your deal next.
Start a conversation
Mark Gallinaro
Mark Gallinaro
SVP, Institutional Advisory

Institutionally-trained executive with nearly two decades of experience. Mark worked at one of the largest real estate investment managers and has been involved in over $2B of transactions. MBA, UCLA Anderson · BBA, University of San Diego.

Have a lease-up deal? Mark will size it.

Bring the rent roll, the pro forma, and the address. Mark will walk you through what the bridge sizes to, where the exit lands, and whether gap equity makes sense — usually on the first call.

Book 30 minutes with Mark
[email protected] 310.487.9887