REAL ESTATE

Spruce provides both preferred equity and bridge lending to real estate developers. We have extensive personal experience in SFR syndication, value-add student housing, and senior secured bridge lending.

Asset Types
  • Multifamily
  • Ground-up development
  • Value-add
  • Student housing (universities with over 8,500 students)
  • Affordable and workforce housing
  • Single family residential
  • Rental portfolio acquisition or syndication
  • Development for sale or build-to-rent communities
  • Raw land development
  • Financing for horizontal buildout (site work) for communities which are pre-sold to a national home builder
  • Pre-development overhead bridge loans
  • Established development companies leveraging current assets to fund pre-development costs for projects in pursuit or under contract
  • Note purchases in select situations
  • Senior housing
  • Industrial
  • Fix and Flip Loans
  • Up to 90% LTC
  • Minimum project size $650K

Equity

The Spruce team draws from a broad base of commercial real estate and finance experience. The firm’s investment strategy is centered on identifying market inefficiencies, recapitalizing or repositioning assets, and maximizing property cash flows.

Our investments tend to fall under the following categories:

  • Property acquisitions
  • Note acquisitions
  • Rehabilitation
  • Redevelopment / repositioning
  • Lease-up / stabilization
  • Partner buy-out
  • Other uses depending on borrower’s specific needs

Every Investment is unique, but generally our terms are:

$500K - $10MM

investment size

12 - 48 Month

terms

90%

equity

Value Add, Distressed, Opportunistic

investment type

United States

based investments

Joint Venture, Preferred Equity, and Co-Sponsor

structure

Debt

Close quickly: Typical Bridge Loans close within 30 days of all diligence material being submitted. In often cases, loans can fund within 1 week of a sponsor signing the term sheet.

Loan brokers and investment bankers protected: Spruce pays brokers commissions when they refer in business.

Submit new deal: Please call or email to discuss your transaction today. Our goal is to respond to your inquiry within 24 hours, preferably the same day.

Every investment is unique, but generally our terms are:

$500K - $12MM

investment size

6 MONTH - 3 YEAR

terms

14% - 18%

rates