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.
The short answer
A commercial bridge loan is short-term financing, usually 6 to 36 months, secured by commercial real estate. It 'bridges' you from today — an acquisition, a value-add plan, a maturing loan — to a long-term outcome such as a refinance or a sale.
When investors use bridge financing
Typical situations include closing an acquisition before a bank can, leasing up a property that does not yet meet bank DSCR rules, buying out a partner, paying off a maturing loan, or funding a renovation that will increase value.
Typical terms
Crosby's advertised leverage is up to 65% of as-is value, annual interest from 9% and origination from 1 point (1% of the loan amount). Loan structure and term depend on underwriting. Starting rates and fees are not available for every deal; other closing costs may apply. Private bridge debt can cost more than bank debt, and faster review does not guarantee funding or a closing date.
What lenders look at
Private bridge lenders review as-is value, location, the business plan and the exit, together with borrower experience and liquidity. Required documentation depends on the transaction; asset-based underwriting does not mean no borrower review or documentation.
How to get terms quickly
Share the property address, as-is value, loan amount, and how you plan to repay. At Crosby Lending, that is enough for us to review quickly and come back with indicative terms.
Ready to see real numbers? Get a 30-second quick quote, try the bridge loan calculator or submit your deal.