WAY Wednesday | October 24, 2025
Capital Provider of the Week
Forbright Bank is a real estate bridge lender specializing in value-add and construction loans. The bank competes with debt funds by offering non-recourse, no deposit requirements, and no “force funding” or charging interest on unfunded holdbacks, reducing the cost of capital to our clients. The bank is also highly active in financing debt funds with “note-on-note” financing and is willing to participate in larger loans. The bank focuses on loans from $15 million to $70 million, with a term of 2 to 5 years, and can close in 30 to 45 days. Forbright is a balance-sheet lender with in-house asset management and loan servicing. Forbright is recognized for its flexible loan structures, responsiveness, and focus on relationships, making it a valued partner of the WAY Capital team.
Capital Types: Senior Debt, Note-on-Note Financing, Participation in larger loans
Financing Types: Bridge, Construction
Asset Classes: Multifamily, Retail, Hospitality, Industrial, Medical Office, Office, Retail, Self-Storage, NPLs
Geographic Focus: Nationwide
WAY Back Wednesday…
WAY Capital successfully closed $68 million in construction financing for the Niumalu Marketplace project located in Kailua-Kona on Hawaii’s Big Island.
The financing provided funds for the construction, lease-up and stabilization of the project and was backed by a seasoned sponsorship team with extensive experience in retail development. The closing marked a significant milestone in bringing one of Kona’s most notable new retail centers to life.
The project consists of a 204k SF, Safeway-anchored shopping center situated on a 20-acre parcel. With a mix of grocery, gas, restaurant, and in-line retail tenants, the project was strategically designed to serve both the local community and the island’s strong visitor base. Positioned at one of the area’s busiest intersections, Niumalu Marketplace brings an institutional-quality retail destination to a supply-constrained market, ensuring long-term value for tenants and the community alike.
