At Bridge Loan Store, we have specialized in fast funding commercial bridge loans since 1997. Bridge loans are used to finance buildings that are in need of remodeling or rehabilitation or are not stabilized (meaning they have lower than market occupancy and/or income). Our Multifamily Bridge loans typically have a term of one year to two years with rates starting in the five percent range for stronger borrowers and properties with a 30-day closing, and rates starting at 9.00% for borrowers that have lower credit scores, lower liquidity, net worth or have properties that are in need of major rehab. We can close a bridge loan in as little as 2 weeks. If you are looking for a value-added building to purchase where you are obtaining it for well under its value, we can get you pre-approved so that you can buy properties sold at auction.  

Almost all our bridge loans have interest-only payments. In many cases there will not be a pre-payment penalty. But some commercial bridge programs require that the loan be taken out for a minimum of 6 to 12 months, and if you pay the loan off prior to that period you have to pay the remaining interest. In many cases a payment reserve (an escrow account from the loan proceeds or your money used to make the loan payments) will be used if net income from the property is insufficient to make the payments.

Occasionally a bridge loan is used for a new multifamily construction when the borrower has difficulty getting approved for a conventional construction loan.

Bridge Loan Programs

Platinum Bridge Program
Rates starting at 5.00%, 2-year term and loan to stabilized appraised value up to 75%. Available to higher net worth, higher liquidity investors or for properties that are doing well but just need some remodeling. Time for closing is 30-45 days.

Gold Bridge Program
Rates in the 4.50% to 5.00% range, this loan is for properties in good neighborhoods. Perhaps the property has not been managed well and is just below market occupancy. Or perhaps the property needs some remodeling and repair. This loan has a 30-year amortization, can be fixed for 5 or 10 years, and can be your perm loan as well.

Premium Bridge Program
Rates starting at 6.50%, 1-2 year term and loan to stabilized appraised value up to 75%. This loan is made primarily to the real estate and requires moderate borrower financial strength. Can be used to purchase value-added commercial real estate that needs some rehab at auction. Time for closing 2 to 3 weeks.  

Standard Bridge Program
Rates starting at 9.00%, 12- to 18-month term, and loan to value of 65% to 70%. This loan is made primarily to the real estate and can be used for construction, rehab or purchasing value-added commercial properties. Time for closing 2 weeks or less.

Structured Equity Program
This program can lend up to a combined LTV of 85% with a 75% first mortgage and a 10% second mezzanine debt, preferred equity or joint venture equity.  

Note Purchase Loan Program 
This program allows the borrower to purchase a mortgage note on a non-performing property. After the subject property is foreclosed upon, the note purchase loan will convert to a bridge loan until the property is performing well and stabilized.