Commercial Bridge Financing
Bridge financing is a short-term loan intended to bridge the gap between two transactions. Our commercial lending team provides commercial bridge financing options, usually at a higher interest rate, until the property is stabilized and permanent mortgage financing can be arranged.
Short Term Bridge Financing
A bridge loan is a short-term loan, typically taken out for a period of 2 weeks to 3 years depending on the arrangement of permanent longer-term mortgage financing.
Bridge financing is typically more expensive with higher interest rates and higher fees than other commercial financing products, to compensate for its quick and short-term availability.
Bridge loans are often used for commercial real estate purchases to quickly close on a property, acquire real estate from foreclosure, or take advantage of a short-term opportunity in order to secure long-term financing. Bridge loans on a property are typically paid back when the property is sold, refinanced with a traditional lender, or the property is improved or completed to allow permanent mortgage financing.
Bridge Financing Needs
- New Construction Projects
- Business Expansions, Mergers or Acquisitions
- Investment Opportunities
Land Development and Servicing
- Short Term Closing Needs
Lending Options
- Transaction Size: No Limits
Term: 1 Week to 36 Months
Amortization: Interest Only
- Loan to Value: Up To 75%
Interest Rates: Starting at 6.50%
Rates and terms can change without notice. All transactions are subject to underwriting and written approval.