What Is a Bridge Loan in Commercial Real Estate?

A bridge loan buys time. It's short-term financing that carries a property from where it is now to where it needs to be, usually a sale or a permanent loan that pays the bridge off.

Bridge loans fit a deal that can't wait on a bank: a purchase with a hard closing date, a building that's half-vacant until a renovation finishes, or an owner who needs cash out before a refinance makes sense. They cost more than permanent debt, so the plan to pay them off matters most.

What the lender checks: the property's value today and after your plan, your exit (sale or refinance) and how realistic it is, your experience with this kind of project, and your liquidity.

Before you apply, gather the purchase contract or current loan statement, a renovation budget if there is one, and a plain write-up of your exit.

SixtyFour West places your deal with lenders whose rules it fits.

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