PIM Rapid Lending
PIM Rapid Lending is a Portland-based private lender focused on short-term commercial real estate and multifamily bridge loans. They lend in 19+ states, consider secondary and tertiary markets, and may use cross-collateral or seller financing for qualifying deals.
Lending Quick Facts
- Loan Types: Commercial bridge and multifamily bridge loans; gap financing and select specialty transactions
- Property Types: Multifamily and a broad range of commercial assets, including industrial, retail, hospitality, storage, senior housing, RV parks and mobile home parks
- Geographic Focus: 19+ states, primarily across the South, Midwest and selected Mountain states
- Loan Amounts: $250,000 to $3,000,000
- Maximum Leverage: Up to 65% LTV or purchase price on qualifying commercial and multifamily bridge loans
- Credit Requirements: Minimum 640 FICO reported on the PLL profile
- Loan Terms: Approximately 3 to 12 months
- Interest Rates: PLL profile lists approximately 11% to 18%; pricing is subject to change
- Lien Position: First lien only
- Closing Speed: Typical closing approximately 21 days; fastest reported closing approximately 14 days
- Prepayment Penalty: None reported on the PLL profile
- Cross-Collateralization: Accepted on qualifying first-lien structures
Commercial & Multifamily Bridge Loans
- Short-term first-lien financing for commercial real estate and multifamily properties
- Loan amounts generally $250,000 to $3 million
- Up to 65% LTV or purchase price on qualifying transactions
- Terms generally 3 to 12 months
- Purchase, refinance and cash-out transactions considered
- Primary, secondary and tertiary markets may qualify
- No prepayment penalty reported on the PLL profile
Gap / Specialty Financing
- Gap loans and select specialty transactions may be considered
- Potential uses include partner buyouts, bankruptcy resolution and transactional funding
- Cross-collateral may be used when all pledged collateral can be secured appropriately
- Seller financing may be incorporated in select structures
- Rehab, construction, land and development financing are not standard programs
Purchase Short-Term (no Value-Add)
Refinance Short-Term (no Cash Out)
Refinance & Cash Out Short-Term
Property Types
- Assisted Living Facility
- Car Wash
- Event Center
- Healthcare
- Hotel
- Industrial
- Mixed-Use
- Mobile Home Park
- Motel
- Multifamily
- Night Club
- Parking Garage
- Parking Lot
- Portfolio of Commercial Properties
- RV Park
- Retail
- Senior Housing
- Storage Facility
- Student Housing
- Vehicle Parking
Loan Types
- Multifamily Bridge
- Commercial Bridge
Specialty Loan Types
- Bankruptcy Resolution
- Partner Buyout
- Transactional Funding
Fees which are mandatory for all new borrower clients
- Documents Fee
Common Loan Scenarios
- Purchasing a stabilized or transitional multifamily property with a short-term bridge loan
- Refinancing a commercial property before permanent financing is available
- Cash-out refinancing a commercial asset to fund another investment or business need
- Financing a secondary-market industrial or retail acquisition
- Using multiple commercial properties as cross-collateral
- Bridging a partner buyout secured by commercial real estate
- Financing a hotel, storage facility, senior housing property or mobile home park
- Closing a commercial acquisition using seller financing combined with senior private debt
Scenarios Not Considered
- 100% financing
- Residential properties
- Second or junior liens
- Rehab funding
- Ground-up construction
- Vacant land or development projects
- Borrowers below the published 640 FICO minimum
- Transactions without sufficient first-lien collateral or a viable exit strategy
Questions & Answers
PIM Rapid Lending offers short-term commercial real estate and multifamily bridge loans, along with gap loans and select specialty financing such as partner buyouts or transactional funding.
PIM Rapid Lending's PLL profile lists lending in 19+ states, including markets across the South, Midwest and Mountain regions. Current state eligibility should be confirmed for each transaction.
PIM Rapid Lending's published PLL range is $250,000 to $3 million.
PIM Rapid Lending considers multifamily and many commercial property types, including industrial, retail, hotels and motels, storage, senior housing, healthcare, parking, RV parks and mobile home parks.
PIM Rapid Lending generally lends up to 65% of purchase price or value on qualifying commercial and multifamily bridge transactions.
Yes. PIM Rapid Lending's PLL profile lists a minimum 640 FICO score.
No. PIM Rapid Lending's published bridge program is for purchases and refinances and specifically excludes rehab, construction, land and development projects.
No. PIM Rapid Lending focuses on commercial real estate and multifamily bridge loans and states that it does not finance residential properties.
Yes. PIM Rapid Lending may cross-collateralize multiple properties when the collateral can be structured in first-lien position.
Yes. PIM Rapid Lending specifically states that it considers primary, secondary and tertiary markets, subject to the property and exit strategy.
PIM Rapid Lending's PLL profile reports a typical closing time of approximately 21 days and a fastest closing time of about 14 days.
PIM Rapid Lending reports managing a debt fund and typically funding loans from its balance sheet for holding through maturity.
Direct Private Lender for Commercial Real Estate and Multifamily Bridge Loans
PIM Rapid Lending is a small balance CRE lender offering short-term bridge loans secured by commercial real estate in 19+ states. We manage a debt fund, so the loans are typically funded from our balance sheet and held through maturity. The principals of PIM Rapid have over a decade of experience in commercial real estate and bridge financing. We are a small firm and can get creative with deals by allowing cross collateral or seller financing.
- We consider many type of commercial properties (see list below)
- Purchase and Refinance loans only – no rehab or construction
- Loan-to-Value up to 65%
- Will consider cross collateral in 1st lien position
- We consider secondary and tertiary markets
- Brokers always protected
Please Note: We do NOT offer loans for residential properties, land or development projects.
Last updated: September 8, 2026
Company Quick Facts
- Company Type: Private commercial real estate bridge lender and debt-fund manager
- Headquarters: Portland, Oregon
- Year Established: 2023
- Founder and CEO: Patrick Grimes
- Chief Investment Officer: Lance Pederson
- Primary Customers: Commercial real estate investors and sponsors
- Geographic Focus: 19+ states
- Core Strategy: Small-balance commercial real estate and multifamily bridge lending
- Capital Model: Managed debt fund with loans typically funded on balance sheet and held through maturity
- Combined Sponsor Experience: $57M+ in total loans originated reported by the company
- Founder Background: Patrick Grimes also founded Invest On Main Street, a private equity real estate firm
Office Locations
Our Team
Lance Pederson
Chief Investment Officer
Patrick Grimes
Chief Executive Officer
Our minimum loan amount is $250,000