Commercial Bridge Financing 101.

Short-duration first-lien debt — typically 6 to 36 months — used to acquire, reposition, or refinance commercial real estate when timing or transitional cash flow precludes agency, bank, or CMBS execution. Pricing reflects speed and flexibility; exit is to permanent financing or sale.

Up to 75% LTV on stabilized assets, 70–75% LTC on value-add and transitional. Hospitality and land cap lower. Final advance rate is asset-, sponsor-, and market-dependent.

14–21 calendar days on clean files. We have closed inside ten days when title is current and the appraisal is in hand. Quote-to-term-sheet is 24 hours.

No. Indicative terms are issued off a short summary. Full underwriting documents — operating statements, rent roll, sponsor REO and PFS — are requested only once you elect to move forward.

Office, retail, multi-family (5+ units), industrial, mixed-use, self-storage, hospitality, and select land. Special-use and single-tenant credit on a case-by-case basis.

Selectively, for experienced sponsors with permits in hand, a GMP contract, and demonstrated take-out. Multi-family and industrial preferred. We are not a spec-build land lender.

Both available. Non-recourse with standard bad-boy carve-outs is offered on most stabilized and select transitional executions. Recourse pricing is typically 50–125 bps inside non-recourse.

Bridge term sheets identify the exit on day one — agency, life-co, CMBS, bank, or sale. We size the bridge to the cleanest take-out and structure prepay flexibility around it. Most borrowers exit at month 12–24.