NewBridge Bank

What NewBridge Bank does

NewBridge Bank is a community bank founded in 1910 and headquartered in Greensboro, North Carolina. Following the 2013 acquisition of CapStone Bank and a 2014 capital raise of $15.5 million, the institution expanded its footprint beyond its North Carolina base into the Washington, D.C. metropolitan market. The bank previously traded on NASDAQ under the ticker NBBC but has since been delisted, and currently operates with 101-250 employees.

The bank operates a dedicated lending division, NewBridge Lending, which originates commercial real estate financing with a focus on bridge-to-agency lending programs targeting multifamily and commercial real estate sponsors. Documented transaction activity includes a $50 million bridge-to-agency refinancing for Langston Views, a 671-unit multifamily property in Washington, D.C., arranged in partnership with Meridian Capital Group as broker and Clear Investment Group as the borrowing counterparty.

The revenue model follows standard community banking mechanics: net interest income from lending activity funded by deposits, supplemented by non-interest income from fees and ancillary banking services. Customer segments include commercial real estate developers and investors (via NewBridge Lending), alongside traditional retail and small business banking clients within its branch footprint. Leadership comprises Pressley A. Ridgill as President and CEO and Ramsey K. Hamadi as CFO.

Name

NewBridge Bank

Legal name

NewBridge Bank

Website

https://newbridgebank.com

Company type

Private

Founded year

1910

Operating status

Operating

Headcount range

101–250 employees

Short description

NewBridge Bank is a North Carolina-based community bank founded in 1910 that provides commercial real estate financing, including bridge-to-agency lending programs for multifamily properties, serving developers, investors, and traditional retail and small business banking clients across the Southeast and Mid-Atlantic.

Ownership category

akta.pro rank

Product category

Commercial Banking & Real Estate Lending

NAICS

Real Estate Credit (522292), Commercial Banking (52211)

SIC

State Commercial Banks (6022), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

CRE Bridge & Transitional Lending (FSALADAC)

akta.pro secondary industries

Bridge Loans & Emergency Short-Term Credit (FSAKAMAJ), Bridge & Short-Term Real Estate Loan Intermediation (FSAEAEAG)

Keywords

• Commercial banking services
• Bridge lending programs
• Real estate financing
• Multifamily refinancing
• Community banking

Headquarters

HQ city

Greensboro

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Core offering

NewBridge Bank is a banking institution that delivers traditional banking services alongside a specialized commercial real estate lending division called NewBridge Lending. The core commercial offering is a bridge-to-agency lending program that provides flexible short-term financing (up to 30-month terms) for multifamily and commercial real estate property owners and investors, supporting refinancing, acquisitions from foreclosure, and repositioning strategies.

Product overview

NewBridge Bank, through its lending division NewBridge Lending, provides commercial real estate financing products. Based on the available source material, the company offers bridge-to-agency lending programs for multifamily and commercial real estate properties, with loan terms typically extending up to 30 months. The specific product identified is the bridge-to-agency program used for refinancing commercial properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Bridge-to-Agency Lending Program A commercial real estate financing product offered by NewBridge Lending providing flexible short-term (up to 30-month) bridge loans on multifamily and commercial properties, designed to bridge borrowers to permanent agency take-out financing during property repositioning, acquisition-from-foreclosure, or renovation cycles. Targeted at real estate investors, sponsors, and developers.
• Commercial Real Estate Refinancing Refinancing of multifamily and commercial real estate assets, evidenced by a $50 million refinancing execution for the Langston Views 671-unit multifamily complex in Washington, D.C. for Clear Investment Group. For real estate investors and property owners seeking to refinance transition assets.
• Community Banking Services Traditional banking services offered by a 1910-founded community bank headquartered in Greensboro, NC, with 101-250 employees serving U.S. customers. Includes depository and general banking products tied to a community bank operating model.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Meridian Capital GroupcoreChannel Partner/ Reseller/ Distributor · 1 December 2024Meridian Capital Group acted as the arranging broker for the $50 million refinancing deal. They facilitated the transaction between Clear Investment Group and NewBridge Lending, arranging financing for the Langston Views multifamily property. This appears to be an ongoing distribution relationship where Meridian brings deal flow to NewBridge Lending.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• CBRE: Largest global commercial real estate services firm with a debt capital markets business that arranges and originates bridge and permanent CRE loans. Comparable by virtue of arranging bridge financings for institutional sponsors.
• Newmark Group: Full-service CRE services firm with a capital markets group that arranges and originates bridge loans across property types. Comparable in arranging CRE debt for institutional sponsors.
• JLL (Jones Lang LaSalle): Global real estate services firm with a Capital Markets division that originates and arranges CRE debt including bridge financing. Broad incumbent with overlapping capabilities but wider portfolio of services.

Emerging players

• Pillar Origin Bancorp (or comparable community banks with CRE niches): Small-to-mid-sized community banks with CRE lending specializations are the closest scale-comparable peers, though specific names vary; included as a representative peer type for sub-scale chartered banks with niche CRE lending focus similar to NewBridge Bank.

Direct peers

• Walker & Dunlop: A leading CRE finance company originating, servicing, and brokering multifamily loans, including bridge-to-agency programs. Comparable product offering and target sponsors to NewBridge Lending.
• Arbor Realty Trust: A publicly traded specialty finance company focused on multifamily bridge and mezzanine lending, with a strong bridge-to-agency product. Directly comparable to NewBridge Lending's product set and target borrower base.
• Berkadia: A major CRE capital markets firm jointly owned by Berkshire Hathaway that originates multifamily bridge and permanent loans. Direct competitor in bridge-to-agency multifamily lending.
• Greystone: A national CRE finance company with significant bridge-to-agency and permanent lending capabilities across multifamily and seniors housing. Comparable product line and institutional sponsor relationships.

Regional players

• Hunt Real Estate Capital: CRE finance company (part of Hunt Companies) with multifamily bridge and agency lending programs. Comparable product set though historically focused on specific regional markets.

Others

• Meridian Capital Group: A national CRE mortgage brokerage that arranges debt for institutional clients. Already a channel partner of NewBridge Lending and serves as a key competitor for arranging the same types of bridge financings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/newbridge-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NewBridge Bank