Deal Close
August 31, 2026
Type
Multifamily, 78 units
Ralph Rader
Debt Placement Team
Executive Summary
This bridge refinance came in through an unusual channel: a referral from an agency lender whose borrower couldn’t complete a conventional refinance in time.
Greysteel used a due diligence package the lender had already assembled to move fast, closing a 30-day bridge loan through Fidelity Bancorp while the property simultaneously moved toward a sale.
The Challenge
The borrower was already under contract to sell the property, with a buyer opening title in parallel, and needed a short-term bridge to cover the gap after a conventional refinance fell through on timing.
The Solution
Greysteel leaned on the lender’s already-complete due diligence file rather than rebuilding it from scratch, structuring a 30-day bridge execution with no prepayment penalty or exit fee to give the borrower flexibility through the sale process.
Results
- Bridge loan closed in 30 days
- No prepayment penalty or exit fee, despite a higher interest rate
Positioned Greysteel to potentially finance the incoming buyer’s next loan on the same asset
“Greysteel leveraged an already-developed due diligence package and secured a 30-day bridge execution through Fidelity Bancorp. Although the loan carried a higher rate, it featured no prepayment penalty or exit fee, giving the borrower flexibility while the property moved toward a sale. The financing also positioned Greysteel to potentially work with the incoming buyer on the next loan.” — Ralph Rader, Greysteel Lead Deal Contact, Debt Placement Team
Greysteel Advisory Expertise
Greysteel is a commercial real estate advisory firm specializing in investment sales and debt and structured finance, serving private investors, middle-market operators, and institutional clients nationwide.
The firm provides sector-focused advisory across multifamily, healthcare, and affordable housing and other commercial real estate asset classes, delivering market intelligence, capital markets expertise, and disciplined execution.
