California Bridge Lenders for Commercial Real Estate
Are you seeking short-term financing secured by commercial real estate in California? On this page you'll find a list of select CRE Bridge Lenders that can finance a California property purchase, 1031 exchange, refinance, or equity cash out in 1st lien position. We have a separate page for lenders that can fund a rehab / value-add project. The maximum loan-to-value for most CRE bridge loans is 70%, and some lenders can go up to 75% for retail and industrial properties. The max LTV is typically much lower for office, hotels, and specialty property types.Searching...
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SDC Capital
Family Office Lender. No 3rd-party appraisal (typically). Soft Money Terms in 1st or 2nd Lien Position.
Diversified Mortgage
Multifamily Bridge Loans only. Interest Rates are 8.5% for 4-year term, 8.25% for 2 years, 7.95% for 1 year.
Karpe Real Estate Center
Private Lending for Central California Real Estate - Bakersfield, Fresno, Central Valley, Sacramento | Est. 1926
Completed CRE Bridge Loan Transactions in California
Equity Cash-Out Loan for Two Retail Buildings in Northern California
$1,000,000
Rubicon Mortgage Fund, a direct private money lender, funded a $1,000,000 1st lien position equity cash-out bridge loan secured by two commercial retail buildings located in McKinleyville and Crescent City, California. The Borrower is an experienced movie theater owner and operator. He needed to cash out equity on the 2 properties for working capital. The combined loan-to-value was 50%. The company owns over 15 movie theaters in Northern California. They plan to pay off our bridge loan using cash flow from the business over the next few years. The two properties total approximately 39,600± square feet of retail space and were in good condition. Both properties are located in small coastal towns. McKinleyville is in Humboldt County, just north of Eureka. Crescent City is farther north in Del Norte County, close to the Oregon border. The loan term was set at 3 years. This CRE equity cash-out loan was funded in September 2023.
Bridge Loan for Office Building Purchase in Ontario, California
$7,500,000
Purchase Bridge Loan for Industrial Building in Glendale, California
$4,200,000
Hard Money Loan for SFR in Fort Washington, Maryland
$345,000
Bridge Loan for Mixed-Use Property Purchase in La Jolla, California
$6,000,000
First Bridge Lending, a private mortgage lender, provided a $6,000,000 bridge loan to secure the acquisition of a mixed-use 10-unit property in La Jolla, California. We funded 60% of the $10,000,000 purchase price in 1st lien position, and the Borrower contributed 40% cash at closing. The Borrower needed a quick-close lending partner to secure this acquisition opportunity. The Borrower was stepping into this transaction with a very abbreviated performance timeframe that no conventional lender could match. First Bridge Lending does not require appraisals and was able to inspect the property and approve the loan within 48 hours. The property had a mix of retail and office units. Chase Bank had a master lease that was expiring soon, and the rents were below market. The plan is to renegotiate the leases, increase rents for all 10 units, and then refinance with a conventional loan. The subject property was in excellent condition and tenant-occupied at closing. The loan term was set at 24 months. This mixed-use property bridge loan was funded in July 2022.
Equity Cash Out Bridge Loan for Owner-User Industrial Building in Santa Clara, CA
$3,850,000
First Bridge Lending, a private mortgage lender, funded a $3,850,000 equity cash-out loan secured by an industrial sports facility in Santa Clara, CA. The Borrower has owned the building for many years and operated an indoor soccer facility there. He wanted to cash out some equity on the property to use for an investment opportunity, and he needed the funds fast. First Bridge Lending was able to meet the Borrower’s cash needs in just 5 days after receiving the loan application. The property value was estimated to be $10,900,000 and our loan-to-value was 35%. We paid off his previous 1st mortgage balance of $3,000,000 and gave him $850,000 cash out. The subject property was in good condition and owner-occupied at closing. The Borrower will either refinance or sell the property within the 12-month loan term. This equity cash-out bridge loan was funded in April 2022.
Bridge Loan for Retail Office Property in Pasadena, California
$3,600,000
Avatar Financial Group, a direct CRE private lending firm, funded a $3.6MM bridge loan secured by a mixed-use commercial property in Pasadena, CA. The 25,257 square foot mixed-use building comprised of office and retail. A family matriarch owned the subject property since 1978 and passed away in 2015. The property is vested in a Trust, which states that the real estate can be liquidated five years after death. Avatar’s loan provided a partial interest reserve, funds to update the property, and set aside a TILC reserve that will be used to stabilize the property and maximize its value in preparation for a sale. We estimated the value to be around $8.1MM, so the loan-to-value for our senior mortgage was only 44%. The interest rate was 8.75%, and the loan term is 2 years. This CRE bridge loan was funded in August 2021
Hard Money Loan for SFR in Fort Washington, Maryland
$345,000
Refinance Bridge Loan for Office Building in Santa Monica, California
$4,325,000
Avatar Financial Group, a direct private mortgage lending firm, funded a $4,325,000 1st lien position bridge loan secured by an office building in Santa Monica, CA. The Sponsor recently finished a complete renovation of the subject property. Their previous financing was due in full, and due to the financial market turmoil caused by COVID-19, the conventional lender notified our Borrower that they could no longer finance the transaction. Avatar was able to step in and quickly refinance the ballooning loan which provided the Borrower with an extra 2 years to secure conventional debt. Our interest rate was 8.74% for a 24-month term. The estimated value of the property was $7,450,000 which resulted in a 58% loan-to-value. The deal was brought to us by a mortgage broker to whom we paid a commission of $40,000. This CRE bridge loan was funded in April 2020.
Hard Money Loan for SFR in Fort Washington, Maryland
$345,000
Refinance Bridge Loan for Office Building in Irwindale, California
$9,000,000
Avatar Financial Group, a direct private money lending firm, funded a $9M bridge loan to refinance an owner-occupied office building in Irwindale, CA. Due to a family tragedy, our Sponsor was in need of assistance to refinance the existing debt that was in default and due in full. Avatar was able to refinance the debt in the time period requested and provide the term needed for the Sponsor to increase cash flow and eventually exit with conventional financing. The Sponsor’s company occupies 100% of the property which is situated in the San Gabriel Valley of Los Angeles County. Our interest rate was 8.0% and loan-to-value was 63%. The deal was brought to us by a mortgage broker to whom we paid a commission of $90,000. This CRE bridge loan was funded in November 2019.
Cash-Out Refinance Loan for Boutique Hotel in Glendale, California
$6,500,000
Avatar Financial Group, a direct private money lending firm, funded a $6,500,000 1st lien position bridge loan to refinance an independent boutique hotel in downtown Glendale, California. The Borrower needed to cash out equity out of the property in order to purchase another hotel property. Avatar was able to refinance the property and provide the Borrower with the cash out needed in time to capitalize on the new opportunity. The hotel was originally established in 1924. The Borrower has owned and operated the subject property since 1999, and it has been continually upgraded and has a 4-star rating from many travel websites. In addition to the 40 hotel rooms, the property has 7,500 square feet of first-floor retail space. Our interest rate was 7.5% for a 12-month term and loan-to-value of 61%. The deal was brought to us by a mortgage broker to whom we paid a commission of $65,000. This CRE bridge loan was funded in June 2019.
Cash-Out Bridge Loan for Vacant Industrial Property in Hollister, California
$5,000,000
First Bridge Lending, a direct private lender, funded a $5,000,000 1st lien position bridge loan secured by a large industrial property in Hollister, San Benito County, CA. The Borrower is an experienced investor who has been a full-time landlord for more than 25 years, and they were seeking an equity cash-out loan for business expenses and capital improvements. They purchased the property in 2008 for $12.5M, then leased it for 10 years. The tenant vacated at the end of the lease term. The property was owned free-and-clear of any mortgages, with the exception of a cross-collateral property that was to be refinanced. First Bridge Lending provided an initial funding of $3,000,000 with a first draw of $1,000,000 and subsequent draws of $250,000 each to provide refinance shortfall funds as needed. We did our own in-house valuation and did not require an appraisal. We estimated the value to be around $16,000,000 which out our loan at a very conservative 31% LTV. The loan term is 12 months. The Borrower’s exit strategy was to complete the improvements, lease to a new tenant and refinance with permanent financing. This equity cash-out loan was funded in March 2019.