Bridge & transitional
Short-term debt for acquisitions, lease-up, repositioning or a quick close.
Los Angeles, California · Real Estate Capital Advisory
Where California real estate meets the right capital.
Candid guidance for real estate investors and owners, and direct introductions to lenders across California and nationwide.
The Veradia Difference
Independent perspective on every capital decision.
Investors and owners come to us before they commit to a lender. We help them see the deal the way underwriters will, choose the right structure, and meet the lenders best suited to close it.
Independent
No lender pays us, so our view of your options stays objective.
Candid
Straight answers on leverage, pricing and structure before you apply.
California roots
Based in Los Angeles and focused on the markets we know best, with lender reach in all 50 states.
No cost
Guidance and introductions carry no fee to you or the lender.
- 8
- California markets
- 50
- States of lender reach
- $1M–$100M+
- Typical request size
- $0
- Fees for guidance
Markets
California focus. National reach.
From coastal multifamily to Inland Empire logistics, California deals have their own rules: rent control, Prop 13 reassessment, entitlement timelines and insurance costs. We bring that context to every conversation, then connect you with lenders who already understand it.
Discuss a California deal- 01Los Angeles
- 02Orange County
- 03San Diego
- 04Inland Empire
- 05San Francisco Bay Area
- 06Sacramento
- 07Central Coast
- 08Palm Springs & Desert
Our approach
Straight answers, then the right introduction.
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01
Share your project
Property type, location, timeline and what you are trying to accomplish. A short summary is enough to start.
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02
Get candid guidance
We walk through how lenders are likely to view the deal, which loan structures fit, and what to prepare before you apply.
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03
Meet aligned lenders
Where it makes sense, we introduce you to lenders active in your market and asset class. You work with them directly.
Financing we discuss
Every stage of the property's life.
Construction
Ground-up and heavy value-add projects, including mezzanine and preferred equity layers.
Permanent & agency
Long-term fixed-rate debt for stabilized multifamily, retail, office and industrial.
SBA 7(a) & 504
Owner-occupied real estate for operating businesses, with lower down payments.
DSCR investor loans
Rental and small-balance commercial loans sized on property income, not personal income.
Specialty assets
Hospitality, self-storage, mixed-use, medical office and other niche property types.
Insights
What we tell clients before they apply.
UnderwritingThe three numbers every commercial lender checks first
Debt service coverage ratio (DSCR): net operating income divided by annual debt payments. Most lenders want 1.20x to 1.35x on stabilized properties.
Loan-to-value (LTV): the loan amount as a share of appraised value. Permanent loans commonly top out around 65–75%.
Debt yield: NOI divided by the loan amount. Many lenders look for 8–10% or more, regardless of interest rates.
Run all three on your own numbers first. The lowest one usually decides your loan size.
CaliforniaUnderwrite Prop 13 reassessment before you buy
In California, a sale resets property taxes to roughly 1% of the purchase price plus local assessments. A seller's T-12 can show taxes far below what you will actually pay.
Lenders underwrite the reassessed number, so rebuild the operating statement with your real tax bill before you size the loan or set your offer price.
StrategyBridge or permanent? How to choose
If the property is stabilized with steady income, permanent debt usually offers the lowest rate and the most certainty.
If you are buying vacancy, renovating or raising rents, a bridge loan gives you flexibility now. Plan your exit from day one: know which permanent loan you will refinance into and what the property must look like to qualify.
PreparationBuild a deal package lenders take seriously
A clean package gets faster, firmer answers. Have these ready:
- Trailing 12-month operating statement and current rent roll
- Purchase contract or current mortgage statement
- Renovation budget and business plan, if applicable
- Sponsor resume showing comparable experience
- Personal financial statement and real estate schedule
TermsRead the prepayment terms before the rate
A low rate can be expensive if you sell or refinance early. Yield maintenance and defeasance can cost far more than a step-down schedule like 5-4-3-2-1.
Match the prepayment structure to how long you actually expect to hold the property.
Team
The people you will talk to.
FC
Fernando Coppel
Principal
Leads client relationships and guides California real estate investors and owners through their financing options, from first conversation to the right lender introduction.
CA DRE #02279413
SM
Shiva Tamara Mettke
Head of Capital Markets
Brings a background in residential and commercial real estate finance, helping clients evaluate deals the way lenders do and structure capital that fits each project.
CA DRE #02251909 · NMLS #2779492
TR
Trevor Rubatzky
Chief Operating Officer
Oversees operations and client experience, keeping every engagement organized, responsive and moving from first inquiry to lender introduction.
Contact
Tell us about your project.
Share the basics and someone from our team will follow up, usually within one business day. Please don't include Social Security numbers, account numbers or financial documents here.
Los Angeles, California