Closed Deal · #31
Small-Balance Commercial in Cleveland, OH — Commercial Bridge
$111,200 · Small-Balance Commercial Bridge
Deal terms
- Property type
- Small-Balance Commercial
- Location
- Cleveland, OH
- Loan type
- Commercial Bridge
- Program
- Small-Balance Commercial Bridge
- Leverage
- 70% LTV
- Rate
- N/A
- Deal value
- $111,200
How we structured it
Cleveland small-balance commercial acquisition in the E 69th / Kinsman corridor — part of the broader East Side industrial-to-mixed-use repositioning trend. Cleveland's cost basis for commercial properties remains 40–60% below Midwest peer cities.
At 70% LTV, bridge execution provides speed advantage over agency and CMBS while the sponsor stabilizes operations and tenant mix. Cap rate compression opportunity: acquire at 9–11% going-in, exit at 7.5–8.5% on stabilized NOI. 12–18 month hold to permanent financing.
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