Bridge Debt Moves From Stopgap to Primary Structure as $875B in CRE Loans Mature 

With permanent lenders selective and $875 billion in commercial mortgages coming due, sponsors are routing transitional deals to debt funds offering speed, flexibility and a lower coupon.  Bridge financing has graduated. For most of the last cycle, sponsors treated short-term floating-rate debt as a placeholder — something to carry an asset until a permanent loan […]