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Bridge Lending

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Bridge Lending is another critical financing source for Develop Michigan projects. DMI will underwrite and provide shorter-term bridge capital during construction periods for capital that cannot be made available until a project is complete, such as tax credits and grants.

Target Project Range Target project range is $5 - $35 million.
Target Investment Range Target Investment size is $1 - $8 million, subject to program conditions and DMI underwriting criteria.
Target Investment Period
1 - 2 years
Target Leverage
80% - 100% of direct collateral (tax credits/grants)
Investment Capital
Fixed-rate interest during loan term
Geography
Projects must be located within the State of Michigan.
Project Impacts
Projects must show substantial "second bottom line" of community impacts , such as quantifiable job creation or community development.
Develop Michigan 1118 S. Washington • Lansing, MI 48910  • Tel: (517) 364-8951  • info@developmichigan.net
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