Hey guys, looking to secure a commercial bridge loan for a multi-family property acquisition that needs to close fairly quickly. My broker brought up MidPoint Capital Partners, LLC. Has anyone here actually worked with them before? Just trying to get a feel for how smooth their underwriting process is and if they actually deliver on time.
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Has anyone used MidPoint Capital Partners for a commercial bridge loan?
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clairecarter8d ago
I used them on a mixed-use deal last fall. They were surprisingly fast. We had a tight deadline because another lender backed out at the 11th hour, and MidPoint managed to get us to the closing table in under three weeks. No major headaches during the underwriting phase either.
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Yeah they are legit. The biggest draw for me was the rate. A lot of bridge lenders will completely gouge you right now, but their interest rate was actually super competitive for the space. Just make sure you have all your docs organized up front and they'll move quickly.
Seconding this on the rates. I shopped around with four different hard money/bridge guys before pulling the trigger, and MidPoint came in the lowest by almost a full point. Good communication throughout the process too, which is rare in this industry.