CRE Bridge in Liberty

Retail and industrial along the I-35 and Route 152 corridor, plus office that is now a repositioning story rather than a leasing one. New supply is concentrated in Liberty, Smithville and Kearney along that corridor, with Liberty Commons and the Liberty Triangle as the retail anchors there, though we could not locate a published pipeline count for the area, so treat that as directional rather than a project list. The Ford Kansas City Assembly Plant at Claycomo, building the F-150 and Transit, is one of the county's economic anchors and a payroll base for retail and service space nearby. On the office side, Oracle has vacated the former Cerner world headquarters at 2800 Rockcreek Parkway in North Kansas City, so a bridge thesis on large Northland office has to be underwritten as a repositioning of that space, not as ordinary lease-up.

Repositioning, a partner buyout, or a lease-up ahead of stabilization is exactly the file a bank passes on until the asset already cash flows. We fund that stretch with our own capital, up to $10M and 75% LTV, interest-only, for 24 to 36 months, then refinance you into permanent debt we also place in house. That structure matters more here than in most metros because the Northland's biggest office story right now, the Cerner building Oracle is leaving in North Kansas City, is a repositioning bet, not a stabilized lease-up a bank would touch on day one.

Roughly double the annual bill if the parcel lands in the commercial class instead of residential. Missouri assesses residential property at 19% of value and commercial at 32%, and Clay County stacks an additional 1.4400 commercial surtax on top of that. On a $300,000 building in the City of Liberty at 2025 rates, that works out to about $4,096 a year as residential (57,000 assessed x 0.071859) versus about $8,281 a year as commercial (96,000 assessed x 0.086259), a 2.02x spread. A bridge loan underwritten on a residential tax assumption for what will operate as a commercial asset is wrong by roughly half, and the Assessor runs a separate phone line for commercial classification appeals (816-407-3530) if a parcel is misclassified.

On a fixed notice clock, the same non-judicial process as any Missouri deed of trust. Missouri forecloses by trustee's sale in the county where the property sits, with at least 20 days' notice required under RSMo 443.310 regardless of what the deed of trust itself says. One tail risk is specific to how a lender exits: under RSMo 443.410, if the lender or its nominee is the one who buys the property back at the sale, the original borrower can retain a one-year right to redeem the property, but only if they give written notice before the sale and post a court-approved bond within twenty days. Selling to a genuine third-party bidder at the sale avoids that exposure entirely. Talk to us or start an application.

At least 25%. We go up to 75% LTV, so on a $1,000,000 Clay County property that is up to $750,000 from us and $250,000 of your own equity or cash (1,000,000 x 75% = 750,000). Loans run up to $10M, interest-only, on a term of up to 24 to 36 months, for a purchase, a bridge, or a cash-out. Size the deal against the commercial tax classification above, not a residential assumption, before you set your exit numbers. Subject to underwriting.

Yes, and they sit on the county's levy sheet parcel by parcel, not city by city. The 2025 Clay County levy sheet carries a Historic Downtown Improvement district at 0.4383 and a 210 Highway Transportation District at 0.0675, alongside fire and ambulance districts drawn on their own boundaries, such as Kearney Fire and Rescue #2 at 0.9215 and Northland Regional Ambulance at 0.6548. Missouri's analogue to a metro district or a CFD shows up on that sheet, so pull the specific parcel's district assignments before you size the tax line on a bridge underwrite, rather than working from the city rate alone.

Bridge capital is for repositioning or stabilizing a commercial property before permanent financing: value-add, lease-up, a partner buyout, or pulling equity out through a cash-out. We lend across property types on terms up to 24 to 36 months, with loans up to $10M.

Our commercial bridge pricing starts around 9%, interest-only, up to roughly 75% loan-to-value, on terms up to 24 to 36 months. Published bridge pricing generally runs 8% to 12% with 1 to 3 points. Final terms depend on the asset, the business plan, and sponsor strength.

Commercial deals usually close in 2 to 4 weeks. They take a little longer than residential because of the appraisal, the rent roll and operating-statement review, and any third-party reports. We move as fast as the diligence allows and keep one point of contact on your file.

Not necessarily at closing. Bridge loans are often underwritten interest-only to the as-stabilized business plan rather than a minimum in-place DSCR, since the property is being repositioned. We do want to see a credible path to stabilization and enough in-place income or reserves to carry the loan.

Typically the purchase contract or current debt, a rent roll and trailing-12-month operating statement, your business plan and renovation budget, and sponsor financials. Larger assets may also need a property condition report and an environmental review. We will give you a clear checklist up front.

Most bridge loans are recourse with a personal guarantee, while lower-leverage non-recourse can be possible on stronger assets. Cash-out is available when there is equity to support it. We structure recourse and leverage around the specific deal.