Bridge Financing

Lender-neutral guidance to help you evaluate bridge terms, risks, and the right exit strategy.

Short-term commercial financing across the USA and Canada—built for acquisitions, renovations, lease-up, and time-sensitive transactions.

What Is Bridge Financing?

Bridge financing is a short-term commercial loan designed to help borrowers close quickly or execute a transitional strategy before moving into long-term financing.

In commercial real estate, bridge loans are commonly used as:

  • Bridge-to-permanent: Refinance into long-term debt after stabilization

  • Bridge-to-sale: Hold and reposition a property before selling

  • Bridge-to-construction or rehab: Fund improvements, then refinance

Bridge loans are typically used when a property or borrower is not yet positioned for permanent financing due to vacancy, renovation needs, limited operating history, or tight closing timelines.

When Bridge Financing Makes Sense

Bridge loans are often considered when one or more of the following situations apply:

You Need to Close Quickly

Competitive acquisitions, auctions, seller deadlines, or 1031 exchanges often demand faster execution than traditional financing permits.

The Property Is Not Stabilized

Bridge financing suits properties with vacancy, lease rollovers, renovations, or limited history supported by a clear stabilization plan.

You’re Executing a Value-Add Business Plan

Bridge loans provide capital and time to reposition a property, improve performance, and later transition into permanent financing.

You Need to Refinance a Maturing Loan

When a balloon payment is due or existing financing no longer fits, bridge financing can act as a temporary refinance solution.

Typical Bridge Scenarios

Common situations where short-term bridge financing supports acquisitions, renovations, lease-up, and refinancing.

Acquisition bridge

Purchase an investment property, then renovate and stabilize

Rehab bridge

Fund improvements to increase rents and occupancy

Lease-up bridge

Improve tenant mix and raise occupancy levels

Cash-out bridge

Access capital for improvements with a defined repayment plan

Refinance bridge

Replace short-maturity debt while preparing long-term financing

Special-purpose bridge

Used when permanent lenders require stronger stabilization

How Bridge Loans Are Underwritten

Bridge lending is underwritten using a combination of property fundamentals, business plan, and sponsor strength, rather than long operating history alone.

Property Fundamentals

Lenders review current condition, location, market demand, in-place income, and after-repair or stabilized value.

Business Plan & Exit Strategy

A clear plan to stabilize, refinance, or sell the property is critical. Lenders focus heavily on how the loan will be repaid.

Sponsor Experience & Liquidity

Borrower experience, net worth, liquidity, and track record executing similar projects play a major role in approval.

Loan Metrics

Bridge loans often consider LTV, LTC (loan-to-cost), interest reserves, and projected DSCR at stabilization.

Key Benefits and Tradeoffs

A successful bridge strategy balances speed and flexibility with disciplined planning and a defined long-term exit.

Benefits

Tradeoffs