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Active bridge mandates · Multiple sources

Bridge Loans

Bridge capital for assets in motion.

Piccard Financial arranges bridge financing for sponsors, investors, and developers navigating acquisition, lease-up, repositioning, value-add execution, maturity payoff, and the transitional period before permanent capital is in place.

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Capital Strategy

The right bridge sets up the right takeout.

Bridge financing is best evaluated against the exit. The same asset can support several different bridge structures depending on whether the takeout is sale, agency, bank perm, life company, or refinance into longer-term debt.

  • Bank bridge programs, debt funds, private credit, and specialty bridge lenders
  • Acquisition, lease-up, value-add, repositioning, and maturity bridge structures
  • Multifamily, industrial, office, retail, mixed-use, and hospitality collateral

Bridge Coverage

Transitional capital from acquisition through stabilization and takeout.

Pricing

SOFR + Spread

Leverage

Up to 75% LTV

Term

12, 24 or 36 Mo.

Loan Size

$5MM–$150MM

Overview

Bridge capital is sized to the business plan.

Bridge loans are short-term, asset-focused financing used when a property is in transition — being acquired, leased up, repositioned, repaired, recapitalized, or moved toward a more permanent capital structure. The right bridge is structured around what needs to happen between today and the takeout.

Bridge financing is not one program. The lender audience and structure depend on whether the asset is stabilized or transitional, whether the business plan is light-touch or heavy lift, whether recourse is acceptable, and whether the takeout is institutional or value-add.

Piccard Financial positions each bridge request around the asset, business plan, sponsor profile, basis, and intended takeout, then matches the opportunity to the correct lender audience — bank bridge programs, debt funds, private credit, and specialty bridge lenders capable of executing.

Bridge financing considerations

  • PricingFloating-rate structures built off SOFR with spreads that vary by asset, leverage, sponsor, and business plan. Origination points, exit fees, and extension fees vary by program.
  • LeverageGenerally 65%–75% LTV on stabilized assets and 70%–80% LTC on transitional and value-add business plans, with proceeds sized to the as-stabilized value and exit.
  • TermCommon bridge terms include 12, 24, and 36-month initial periods, with extension options in most programs subject to performance benchmarks and fees.
  • RecourseMany bridge programs offer non-recourse structures with standard bad-boy carveouts; partial recourse, completion guaranties, and burn-off structures are available depending on the business plan.
  • ReservesInterest reserve, capex reserve, leasing reserve, and operating shortfall reserves sized around the asset's path from current state to stabilization or takeout.
  • ExitSale, agency takeout, bank permanent, life company, CMBS, refinance into longer-term private credit, or an extension of the bridge under improved conditions.

Common Use Cases

Bridge structures tailored to the business plan.

The right bridge is the one that matches the business plan, the timeline, and the planned takeout — not simply the loan with the lowest rate or the highest leverage.

Acquisition

Acquisition Bridge

Fast-close acquisition capital when the buyer needs certainty of execution before lease-up, stabilization, or permanent financing is in place.

Lease-Up

Lease-Up Bridge

Capital for assets acquired or completed in lease-up, sized around the path to stabilization and an agency, bank, or life company permanent takeout.

Value-Add

Repositioning & Value-Add

Bridge financing structured around a defined capex program, lease roll, or business plan that creates value before permanent debt is appropriate.

Maturity

Maturity Defense

Bridge capital to retire a maturing loan and create time for sale, refinance, or stabilization under improved market or asset conditions.

Recapitalization

Cash-Out & Recap

Cash-out bridges and recapitalization structures that return equity, restructure ownership, or fund the next phase of the business plan.

Construction

Construction Takeout Bridge

Capital placed at certificate of occupancy to allow lease-up and stabilization, replacing the construction loan and setting up permanent debt.

Execution Process

From business plan to closing and takeout.

Every bridge financing assignment is positioned around the asset, the business plan, the timeline, and the planned exit — not simply the loan amount.

Read the business plan

We review the asset, basis, current income, occupancy, business plan, timeline, sponsor profile, and the proceeds level needed to execute through the transitional period.

Map the takeout

We work backward from the planned exit — sale, agency, bank perm, life co, or longer-term hold — to define the bridge structure that fits and reduces refinance risk.

Size the request

We evaluate LTV, LTC, reserves, capex, leasing costs, fees, and the proceeds the market can support against the business plan and as-stabilized value.

Approach the right capital

We match the request to bank bridge programs, debt funds, private credit, and specialty bridge lenders based on speed, size, structure, and asset profile.

Negotiate structure

We compare pricing, points, recourse, prepayment flexibility, extension options, reserves, closing conditions, draw mechanics, and exit-fee structures.

Close and execute

We coordinate diligence, third-party reports, title, legal documentation, funding, and the initial fund-out, then remain available through the takeout.

Relevant Transaction

Bridge capital arranged in two weeks on Wilshire Boulevard.

8560 Wilshire Boulevard, Beverly Hills — $2.25MM bridge loan arranged by Piccard Financial

$2.25MM

8560 Wilshire Boulevard

Bridge financing arranged in two weeks for a Beverly Hills retail and office asset when a conventional bank could not meet the closing deadline — placed with a debt fund at 8.50% and structured around a planned exit into permanent financing.

Asset TypeRetail / Office
ExecutionBridge Loan
Capital SourceDebt Fund
MarketBeverly Hills, CA
Read the story →

Related Services

Other capital solutions that often pair with bridge financing.

Takeout Capital

Permanent Loans

Bank, agency, life company, credit union, and CMBS takeout options after stabilization, lease-up, or value creation under the bridge.

Explore permanent loans →

Alternative Path

Private Money Loans

Higher-leverage, special-situation, and quick-close capital for assets and timelines that fall outside conventional bridge programs.

Explore private money →

Capital Stack

Structured Equity

Preferred equity, JV equity, mezzanine, and gap capital for projects that need additional proceeds beyond a senior bridge loan.

Explore structured equity →

Common Questions

Commercial bridge loan questions, answered.

Direct answers on pricing, leverage, timing, and recourse — based on transactions we arrange, not generic market copy.

What are commercial bridge loan rates in 2026?

Commercial bridge loans currently price as floating-rate structures over SOFR, with all-in rates that vary by asset, leverage, sponsor, and business plan — recent transactions we have arranged have priced in the mid-8% range for well-located Southern California assets at 70% loan-to-value. Origination points, exit fees, and extension fees vary by program. Indicative ranges reflect recent lender quotes and change with the market.

How much can I borrow on a bridge loan?

Bridge lenders generally advance 65%–75% of value on stabilized assets and 70%–80% of cost on transitional and value-add business plans, with proceeds ultimately sized to the as-stabilized value and the planned exit. Piccard Financial arranges bridge financings generally between $1MM and $150MM.

How fast can a commercial bridge loan close?

A typical bridge closing runs 3–6 weeks. With a debt fund lending discretionary capital, a prepared sponsor, and parallel workstreams, genuinely expedited closings are possible — we recently closed a $7.5MM hospitality bridge loan in two weeks with no appraisal required.

Are bridge loans non-recourse?

Many bridge programs offer non-recourse structures with standard bad-boy carveouts. Partial recourse, completion guaranties, and guaranty burn-off structures are also available depending on the business plan, leverage, and sponsor profile — recourse is a negotiated term, not a fixed one.

When is a bridge loan the wrong choice?

A stabilized property with durable income and no deadline is usually better served by permanent financing — bridge pricing is a premium paid for speed, flexibility, or transition. If the business plan has no credible exit into a permanent loan, a sale, or agency debt, the bridge only postpones the problem. We tell sponsors when that is the case.

Submit a Bridge Deal

Send the transaction overview and available deal materials.

We will review the opportunity and respond with preliminary bridge capital direction, likely lender audience, leverage range, pricing expectations, structure, and next steps.

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Advisory led by Andrew Sawyer, Partner & Head of Capital Markets · CA DRE #02074085 · Piccard Financial Broker Lic. #02159069