Eagle Group Finance President Brian Good was featured in Commercial Real Estate Direct discussing the upsurge that bridge-lending will have in the upcoming year. Eagle Group Finance moved into the bridge-lending business more than three years ago. Typically providing relatively-small-balance loans to investors, Eagle Group Finance writes loans with terms of six months to three years, providing funding equal to 60 percent of a collateral property’s value. By lending only in non-judicial foreclosure states, Eagle Group Finance can quickly take title to a collateral property in the event of a default.
In 2015, Eagle Group Finance completed $100 million of lending and expects that origination to double in the upcoming year. “We’re busier than ever because banks that should be lending aren’t,” Mr. Good adds.
Eagle Group Finance has developed an arrangement with an investment partner that will allow it to increase its lending activity substantially next year. They expect demands to remain healthy given the glut of regulations that are either in place or moving into place, which will make it less attractive for banks to lend.