BridgeCo Financial

Commercial Real Estate Lender

ONLINE PRIVACY POLICY

ONLINE PRIVACY POLICY STATEMENT – Effective March 2024

For customers of BridgeCo Financial, LLC and its Affiliates.   

Notice Effective Date: March 2024

BridgeCo Financial, LLC (“BridgeCo”) and its Affiliates, including but not limited to FlipCo Financial, LLC; RealtyCo Partners, LLC; HomeCo Partners, LLC; and LoanCo Financial, LLC recognize the importance you place on the privacy and security of your information, and we are committed to protecting it as described in this Notice. This Notice applies to your use of BridgeCo’s websites and mobile sites where this Notice linked to on the site (the “Sites”). This Online Privacy Notice supplements any Disclaimers and Terms of Use for the Sites. In the event of a conflict between the Terms of Use for a Site and this Notice, the terms of this Notice shall govern such matters. To the extent any information collected is “nonpublic personal information” as defined by the Gramm-Leach-Bliley Act of 1999 and applicable regulations (as amended from time to time) (“Nonpublic Personal Information”), the Privacy Policy for BridgeCo Customers will apply to BridgeCo’s use of such information.

  1. Definitions

Affiliate – is a company related to BridgeCo by common ownership or control.

Cookie – a small text file stored on a user’s device, retrievable by a web server later. They enable web servers to track browser activities and link individual web requests into a session. Cookies can be “first-party” (from the visited website owner) or “third-party” (from another party). Users can typically manage cookies in browser or device settings, though procedures vary across browsers and devices.

Geo-Location Information – is defined as information that is “sufficient to identify the street name and name of the city or town” in which a device is located.

Internet Protocol (IP) Address –is a unique string of numbers that identifies a device on the internet or a TCP/IP network. It is represented in four groups separated by periods, like “123.123.23.2”. IP addresses can be “dynamic,” changing each time a device connects, or “static,” remaining assigned to a specific device without change.

Non-affiliates – are companies that are not related to BridgeCo by common ownership or control.

Session Cookie – cookies that are deleted when a browsing session ends. They are utilized to monitor session activity within online banking services. These cookies are encrypted, and only our service providers can access the information within them. They enable the processing of multiple transactions during a session without requiring the user to re-enter their passcode for each transaction. Session cookies do not store information on the user’s hard drive; instead, they are stored in the device or computer’s memory, identifying the user only during the session.

Service Provider – In order to provide our services, we may use various third-party providers. These third parties provide services such as: title companies, banks, law firms and software vendors. Third-party providers are referred to within this Notice as “Service Providers.”

Web Beacon – is a small, clear graphic image usually one pixel in size, sent through a web browser or HTML email. It acts as a tag, recording a user’s visit to a webpage or viewing of an email. Often used with cookies, it’s part of third-party tracking services, helping create user behavior profiles. Web beacons count online ad impressions, monitor file downloads, and manage ad campaign performance.

“We,” “our” and “us” – means BridgeCo. and its Affiliates.

“You” and “your” – refers to the individual natural person who accesses or uses the Sites.

  1. Information Collected

(A) Nonpublic Personal Information Collected by BridgeCo – may directly or indirectly identify individuals. This information may be provided through forms, applications or similar online fields. Examples may include your name, postal address, email address, telephone number, Social Security number or date of birth. As part of providing financial products, we may obtain Nonpublic Personal Information about our clients and other Site visitors from the following sources:

    • Information we receive from you on applications, emails, or other forms;
    • Information about your transactions with BridgeCo and its affiliates;
    • Information we receive from a consumer reporting agency; and
    • Information that is generated electronically when you visit our Sites or use our online financial products.

Our Privacy Policy for BridgeCo Customers describes how we may share this information with our affiliates and with non-affiliates.

(B) Anonymous Information Collected by BridgeCo and/or Service Providers – We, and our Service Providers, may collect general information about you which does not directly or indirectly identify, and cannot reasonably be used to identify you. We define this information as “Anonymous Information.” Such information may include:

    • The internet address (referral site) which brought you to our Site;
    • The date and time you access our Site;
    • The name and version of your web browser;
    • Your Internet Protocol (IP) address;
    • The pages visited in our Site; and
    • The duration of your online session.

Anonymous Information that is compiled from various sources and aggregated but which contains no Nonpublic Personal Information is “Aggregated Data.” BridgeCo and certain Service Providers use Aggregated Data for various business purposes, including for data analytic and marketing purposes.

  1. How We Use and Share Nonpublic Personal Information That We Collect

BridgeCo uses Nonpublic Personal Information it collects through the Sites in accordance with its Privacy Policy. Please refer to that Privacy Policy for additional information regarding how we may share Nonpublic Personal Information, as well as the choices you may be able to exercise in connection with such sharing.

The BridgeCo Sites may transmit and use geolocation information to enable features that prevent fraud and sends alerts relating to properties subject to certain loans.

  1. How We Use and Share Anonymous Information That We Collect

(A) Online Tracking – BridgeCo and certain Service Providers operating on our behalf collect Anonymous Information about your activity on the Sites using tracking technologies, including Cookies and Web Beacons for many purposes including, for example, to:

    • Provide useful features to simplify your experience when you return to the Sites;
    • Monitor and evaluate the use and operation of the Sites;
    • Analyze traffic on the Sites; and
    • Monitor and report Site trends.

If you would like to opt out of use of your Anonymous Information for these purposes, you will need to get the Google Analytics Opt-Out Browser Add-On at https://tools.google.com/dlpage/gaoptout.

We may associate this tracking data with your Nonpublic Personal Information, in which case we will treat it as Nonpublic Personal Information.

Periodically, you may see our ads on other websites. We use third-party advertising Service Providers to display these ads on sites where we’ve paid for placement. These ads may employ tracking technology to gather details like your IP address, browser type, and usage patterns, aiding in assessing the effectiveness of our advertising efforts.

(B) Online Behavioral Advertising (OBA) – We collaborate with Service Providers like advertisers and publishers to deliver personalized ads tailored to your device usage. To do this, we may create “audience segments” based on Anonymous Information collected from your internet activity. This includes data on websites visited and time spent online. By combining this Anonymous Information, we aim to predict your interests and preferences. This benefits consumers by providing more relevant ads and advertisers by enhancing the effectiveness of their advertising.

(C) How to Opt Out of Online Behavioral Advertising. –You can opt out from receiving targeted ads using OBA by  utilizing the AdChoices icon located on the OBA.

If you choose to opt out, you may still receive online advertising from us. Opting out through the steps listed above means only that the ads you do receive will not be based on OBA.

(D) Do Not Track – Certain browsers allow you to send “Do Not Track” or “DNT” requests to the websites you visit. Currently, we do not respond to a browser’s DNT requests.

  1. Cross-Device Linking

We and/or our Service Providers connect related web browsers and devices for targeted advertising, analytics, and reporting. This involves processing information to link a computer or device to the same user or household across various devices. This allows us to recognize when a user or household accesses our content or services from multiple devices, enabling us to synchronize content and advertising messages across those devices.

  1. Children’s Privacy

We do not use the Sites to knowingly solicit Nonpublic Personal Information from or market to children under the age of eighteen (18). We request that such individuals do not provide Nonpublic Personal Information through the Sites. If a parent or guardian becomes aware that their child has provided us with Nonpublic Personal Information without their consent, they should promptly contact us, and we will delete such information from our files.

  1. Cross-Border Transfer

The websites are controlled by BridgeCo in the United States and are not intended to be subject to laws or jurisdiction outside the United States. We may store and process your Anonymous Information and Nonpublic Personal Information in any country where we operate or engage Service Providers. By using the websites, you consent to the transfer of your information to countries outside your residence, including the United States, which may have different data protection rules.

  1. Changes to This Notice

From time to time, we may make changes to this Notice. If we do make changes to this Notice, we will also update the “Effective Date” posted at the top of this Notice.

Any changes to this Notice will become effective when the revised Notice is posted on the Sites. By continuing to use the Sites following such changes, you are agreeing to accept the terms of the revised Notice.

  1. Contact Us

If you have any questions or comments about this Notice or our privacy practices generally, we encourage you to contact us at WSmith@RealtyCoPartners.com.

Houston, TX | $2,964,072

Acquisition & Rehab

Drawing upon extensive experience and an impressive multi-family portfolio, our client approached BridgeCo with a compelling opportunity—to finance the acquisition of a diverse portfolio comprising 10 multi-family properties. Recognizing the urgency of a quick closing, BridgeCo efficiently navigated the process, showcasing our commitment to agility and effectiveness. In an impressive feat, we funded the deal within two weeks, enabling our client to swiftly rehabilitate the properties. Subsequently, the properties were successfully sold in a timely manner, highlighting the collaborative efforts of both our borrower and BridgeCo in seizing and capitalizing on strategic real estate opportunities.

Lockhart, TX | $7,200,000

Cash-out Refinance

Drawing on their extensive experience in real estate development, the borrower strategically utilized the funds to refinance a seller note tied to the property. This land, pivotal for the creation of a comprehensive master-planned community predominantly featuring single-family residences, became the focal point of the borrower’s vision. Recognizing the time-sensitive nature of the endeavor, BridgeCo expedited the process, leveraging our borrower’s profound expertise in the field. In an impressive feat, we funded the deal within two weeks, playing a pivotal role in bridging the financial gap and propelling the borrower to the next stage of development.

Houston, TX | $4,100,000

Cash-out Refinance

The borrower strategically utilized the funds to refinance existing loans on their properties, concurrently securing a cash-out portion to facilitate the buyout of three partners. Recognizing the time-sensitive nature of the transaction, BridgeCo harnessed the robust financial position of the parent company, coupled with the cash flow generated from the subject property, to seamlessly fund the loan within one week.

Wimberly, TX | $8,715,000

Acquisition

BridgeCo seized the opportunity presented to us when the borrower encountered a pressing deadline for Phase 2 of their master-planned community development project. Despite having secured approval from a conventional lender, the borrower faced a challenge as the lender couldn’t meet the stringent timeline. Leveraging our streamlined approval process, we successfully facilitated the funding needed to meet the borrower’s closing date, completing the deal within two weeks.

Austin, TX | $850,000

Cash-out Refinance

With a robust background in real estate construction, our experienced borrower approached BridgeCo seeking to refinance an existing loan on a property nearing its renewal date. Bridging the financial needs seamlessly, we not only assisted in refinancing the loan before its maturity but also facilitated a cash-out portion. Recognizing the time-sensitive nature of the borrower’s requirements, BridgeCo expedited the process and funded the deal within two weeks. This additional capital empowers our client to embark on the construction of a new project in the vibrant Austin, TX area.