Lending · First lien · $1M–$5M typical
Bridge refinancing for commercial real estate
Short-term capital that repays an existing loan when the property is not yet ready for a conventional refinance.
In short
Bridge refinancing replaces existing debt on a commercial property with short-term financing, typically when a loan is maturing and the property's current income, occupancy or condition does not yet support a conventional refinance. Each request is reviewed by a principal, and every deal goes through underwriting.
Hard money lending guidelines
- Annual rate
- From 11.5%
- Origination
- From 2% of the loan amount
- Term
- 6 to 12 months
- Payments
- Interest only
- Loan-to-value
- Up to 70%
- Lien position
- First position only
Third party closing costs are separate.
Every term sheet is different. Every deal goes through underwriting and has specific terms. These are guidelines, not a commitment to lend.
When a bridge refinance comes up
A bridge refinance solves a timing problem: the existing loan comes due before the property can qualify for longer-term debt.
- An existing loan maturing before the property has stabilized
- A current lender that will not extend the loan
- A lease-up or renovation that is not yet complete
- A planned sale or conventional refinance that needs more time
What to send
A clear picture of the property, the existing debt and the plan lets a principal give a direct answer on fit.
- Property type, address and market
- Existing lender, loan balance and maturity date
- Current occupancy, income and operating expenses
- The amount sought and the deadline
- The planned exit: a sale, a lease-up or a conventional refinance
How the request is reviewed
A principal reviews how the property operates today, the existing debt and the plan to repay a new loan. Every deal goes through underwriting and has specific terms.
Request loan terms
Submit a bridge refinancing request.
Questions
Answers before you ask.
- What is bridge refinancing?
- Bridge refinancing is short-term financing that repays an existing loan on a commercial property, carrying the asset until it is sold, stabilized or refinanced with longer-term debt.
- What should I include with a bridge refinancing request?
- The property and market, the existing loan balance and maturity date, current operations, the amount sought, the deadline and the planned exit.
- Is a request a commitment to lend?
- No. Every term sheet is different. Every deal goes through underwriting and has specific terms. The guidelines on this page are not a commitment to lend.
Nothing on this website is an offer to lend or a commitment of capital. All loans are subject to underwriting, due diligence, documentation and approval. Published lending guidelines are for general guidance only. Every deal goes through underwriting and has specific terms.
Next step
Loan maturing before the property is ready?
Send the property, the amount and the deadline. A principal will respond directly.