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Bridge Private Lending, LP

Sponsored by BridgeInvest·

Unknown· Other · 1 class· ● Low· PPM v1· Updated 26d ago
3 data notes
Low-confidence extractionUnusual structureUnscored: absolute lp take
Run the numbers
Composite
28.8
median 29 +0
Pref Return
LP Take (Base)
at 1.75× exit
GP Commit
0.0%
median 0.0% +0.0%
Min Investment
ticket size
Offering Size
target raise
Cascade · Distributions

Where each dollar goes

$875K
LP $875K · Fees $0 · GP $0
GROSS PROCEEDS$875KLPT1Return of Capital$500,000 · 57.1% of grossLPGPT4Residual Split (100% / 0%) · 42.9%Limited Partners · $375KGeneral Partner · $0pool fully distributed
Standard scenario · $500K equity · 5y hold · 1.75× exitRun your own cascade →

Deal diligence19 findings · worst high

Automated checks across the fund's extracted PPM. Every finding is shown with the evidence it's based on — proven numbers or a verbatim quote and page.

Document quality

Drafting defects found in the PPM prose — numeric inconsistencies, broken cross-references, unfilled placeholders, and defined-term problems. Each is shown with the offending quote and its page.

Spelling / typo — AMOUTN / ATTORENYS / O FTHE / BEP ROPER / STAET / HOMESTAED

High

Multiple egregious spelling errors in the all-caps Confession of Judgment clause: 'AMOUTN' (AMOUNT), 'ATTORENYS' (ATTORNEYS), 'O FTHE' (OF THE), 'BEP ROPER' (BE PROPER), 'STAET' (STATE), 'HOMESTAED' (HOMESTEAD).

THE FULL AMOUTN DUE ON THIS PROMISSORY NOTE (INCLUDING PRINCIPAL, ACCRUED INTEREST AND ANY AND ALL CHARGES, FEES AND COSTS) PLUS ATTORNEYS FEES EQUAL TO 15% OF THE PRINCIPAL BALANCE OF THE LOAN, BUT NOT LESS THAN THE ACTUAL AMOUNT OF THE ATTORENYS FEES AND RELATED COSTS ACTUALLY INCURRED, ALL WITHOUT PRIOR NOTICE OR OPPORTUNITY O FTHE BORROWER FOR PRIOR HEARINGS. THE BORROWER AGREES AND CONSENTS THAT VENUE AND JURISDICTION SHALL BEP ROPER IN THE CIRCUIT COURT OF ANY COUNTY OF THE STAET OF MARYLAND OR OF BALTIMORE CITY, MARYLAND, OR IN ANY UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MARYLAND. THE BORROWER WAIVE THE BENEFIT OF ANY AND EVERY STATUTE, ORDINANCE, OR RULE OF COURT WHICH MAY BE LAWFULLY WAIVED CONFERRING UPON THE BORROWER ANY RIGHT OR PRIVILEGE OF EXEMPTION, HOMESTAED RIGHTS
PPM p.998% confidence

Spelling / typo — LIC

Medium

Entity name misspelled as 'LIC' instead of 'LLC' on the borrower signature block.

Bridge Private Lending, LIC
PPM p.797% confidence

Spelling / typo — S1,000,000.00

Medium

Dollar sign rendered as 'S' in the loan amount parenthetical, making the figure unreadable as a currency amount.

The Loan amount is One Million Dollars and NO/100s (S1,000,000.00).
PPM p.192% confidence

Spelling / typo — TRAIL BY JURY

Medium

'TRAIL' appears instead of 'TRIAL' in the Waiver of Jury Trial clause heading and body.

WAIVE ANY RIGHT TO A TRAIL BY JURY IN ANY SUCH SUIT, ACTION OR PROCEEDING.
PPM p.1198% confidence

Spelling / typo — Bride Loan

Low

'Bride Loan' is used instead of 'Bridge Loan' in the Loan Advances section.

Lender shall advance 70% of the then current par value (loan amount) of each Bride Loan assigned by Borrower to Lender
PPM p.298% confidence

Spelling / typo — Harrowing Base

Low

'Harrowing Base' appears in place of 'Borrowing Base' in the Proceeds Disbursement section.

In the event the Harrowing Base is found to be less than the Loan amount
PPM p.497% confidence

Spelling / typo — he materially incorrect

Info

'he' appears instead of 'be' in the Cancellation clause.

Should the information he materially incorrect or incomplete, the Lender reserves the right to cancel this Commitment
PPM p.590% confidence

Spelling / typo — he used

Info

'he' appears instead of 'be' in the RE section description of how the loan proceeds will be used.

which will he used to fund a portion of real property mortgage loans
PPM p.190% confidence

Spelling / typo — will he provided

Info

'he' appears instead of 'be' in the Evidence of Good Standing section.

Evidence from the State of Florida Department of State (or similar entity) will he provided prior to the Loan Closing
PPM p.690% confidence

Diligence gaps

Questions a standard diligence questionnaire would ask that the PPM leaves unanswered.

DDQ gap: Does the fund engage an independent auditor?

High

The offering documents don't answer a standard institutional DDQ question (Governance). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: Does the fund have a GP clawback provision?

High

The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: What is the LP/GP carried-interest split above the preferred return?

High

The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: What is the preferred return (hurdle) rate offered to LPs?

High

The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: Does the fund use a third-party fund administrator?

Medium

The offering documents don't answer a standard institutional DDQ question (Governance). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: Is there a GP catch-up, and at what rate?

Medium

The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: What distribution-waterfall structure does the fund use?

Medium

The offering documents don't answer a standard institutional DDQ question (Structure). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: What is the GP's capital commitment (skin in the game)?

Medium

The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: What is the target offering size?

Medium

The offering documents don't answer a standard institutional DDQ question (Structure). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ gap: What is the minimum LP investment?

Low

The offering documents don't answer a standard institutional DDQ question (Structure). An allocator will ask this directly — the GP should be ready with an answer.

90% confidence

DDQ readiness

How much of a standard institutional due-diligence questionnaire this fund's offering documents answer out of the box. Gaps are questions an allocator will ask directly.

23%
Coverage
3 answered0 partial10 gaps13 questions
Economics
  • What is the preferred return (hurdle) rate offered to LPs?Gap
  • What is the LP/GP carried-interest split above the preferred return?Gap
  • Is there a GP catch-up, and at what rate?Gap
  • Does the fund have a GP clawback provision?Gap
  • What is the GP's capital commitment (skin in the game)?Gap
Structure
  • What distribution-waterfall structure does the fund use?Gap
  • What is the fund's investment strategy / asset class?UnknownAnswered
  • What is the fund's vintage year?Vintage 2015.Answered
  • What is the target offering size?Gap
  • What is the minimum LP investment?Gap
Fees & Expenses
  • Is the fund's fee schedule disclosed (management fee, etc.)?4 fee line item(s) extracted from the offering documents.Answered
Governance
  • Does the fund engage an independent auditor?Gap
  • Does the fund use a third-party fund administrator?Gap

Fee scheduletaken before LP distributions

Total load 5.25%
Fee
Trigger
Basis
Rate
Loan Commitment Fee
Acceptance of commitment letter; each loan anniversary
Flat fee of $2,500.00 paid to Hopkins Federal Savings Bank upon acceptance of the Commitment Letter, and again on each anniversary date of the Loan
0.00%
Advance Fee
Each advance under the Loan
0.25% of the amount of each advance made on the Loan
0.25%
Investigatory Fee
Each advance request submitted by Borrower
Flat fee of $100.00 per advance request, due regardless of whether Lender makes an advance
0.00%
Late Payment Charge
Payment more than 15 days past due
5% of the amount then due (including both principal and interest) if any payment is not received within 15 calendar days after its due date
5.00%

Service providers3 gaps

Legal Counsel
Gap
Not disclosed
No independent counsel named for investors. Common in small syndications where Manager and Fund share counsel — reduces independence. Verify during diligence.
Auditor
Gap
Not disclosed
Audit intent not stated in PPM. Ask the sponsor: will the fund be audited, by whom, and on what frequency?
Fund Administrator
Gap
Not disclosed
No third-party fund administrator referenced. Manager likely handles admin internally — common for <$10M raises but reduces independence.
Placement Agent
OK
No placement agent engaged
No placement agent engaged. Direct placement by Manager — no placement fees eat your invested capital.

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