Educational information only, not legal, tax or financial advice. Examples and calculations may contain errors; verify them with your own advisors. Advertised starting rates are annual interest, not APR; one point equals 1% of the loan amount. Other fees and costs may apply, and all financing is subject to underwriting.
What an industrial bridge loan can bridge
An industrial or warehouse bridge loan is temporary financing secured by business-purpose real estate. Investors may use it for an acquisition, lease-up, improvements or a refinance while long-term financing is not yet ready. The request should identify both the property transition and the repayment event. A warehouse with a clear tenant and documented improvements presents a different plan from an obsolete building that depends on an unapproved conversion; explain which situation applies.
Describe the building's actual capabilities
Include building and site area, clear height, loading access, docks, truck circulation, available power, office share and known structural or roof issues. These are practical questions to discuss with the broker, tenant and appropriate technical professionals, not a universal lending specification. Explain whether the intended operation fits the existing site and what upgrades it needs. Provide plans or inspection information where available rather than relying on a marketing brochure's description.
Review current and historical use
Identify known prior occupants and uses, existing environmental reports, storage tanks or other reported concerns, and any cleanup records available to the owner. EPA describes All Appropriate Inquiries as an evaluation of environmental conditions and potential contamination liability, and recognizes ASTM E1527-21 as consistent with its AAI rule. Whether a particular assessment is appropriate for a transaction should be discussed with an environmental professional and counsel. A map search or lender review is not an environmental clearance.
Do not confuse a Phase I with a cleanup guarantee
A Phase I environmental assessment helps evaluate potential concerns; it does not promise that contamination is absent or that remediation will never be required. If a report identifies issues or recommends more work, clarify the next investigation, budget, timing and responsibility with qualified specialists. Disclose existing findings early. Additional assessment, permits or remediation could affect both closing and the date a tenant or permanent lender will accept the property.
Connect tenant risk to capital spending
Provide the rent roll, leases, amendments, payment history, expirations and renewal options. A single-tenant building may lose most or all rental income if that tenant leaves. Budget downtime and the cost of adapting space for a replacement use. Separate owner-paid building work from equipment or improvements a tenant is responsible for under the lease. Confirm proposed use and approvals with local authorities; a prior industrial use does not establish that every new operation is permitted.
Keep leverage and the exit grounded
Crosby considers industrial real estate within its commercial lending scope. Advertised loans range from $100,000 to $50 million, with leverage up to 65%, annual interest from 9% and origination from 1 point, all subject to underwriting. Starting terms are not APR or guaranteed pricing; other fees and closing costs may apply. Support the current valuation and ask a prospective takeout lender about tenant, property-condition and environmental requirements before assuming the bridge can be refinanced.
What to include in the first package
Prepare the address, price or value, requested amount, lease information, building specifications, property history, available inspection and environmental reports, improvement budget and repayment plan. Show the cash available for interest, vacant periods and unexpected work, and a backup if leasing takes longer. Crosby lends for business purposes only, not consumer needs or primary residences. In license-required states, loans are made by or with licensed co-lenders; the actual lender is named in the loan documents.
Sources and property research
General information, not legal, tax or engineering advice. Confirm property-specific requirements with qualified advisors and the relevant authorities.
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