Sacramento Bridge Lenders for Commercial Real Estate
Are you seeking short-term financing secured by commercial real estate in the Sacramento metro area? On this page you'll find a list of select CRE Bridge Lenders that can finance a Sacramento 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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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.
Security Financial Services
Direct Lender for Northern California Property Investors | Established 1943
Karpe Real Estate Center
Private Lending for Central California Real Estate - Bakersfield, Fresno, Central Valley, Sacramento | Est. 1926
Select a Metro Area
California is a massive state, and some lenders are selective about where they lend. Filter your search by selecting a metro area:
Northern California: SF Bay Area | Sacramento | Lake Tahoe
Southern California: Los Angeles | San Diego | Orange County | Riverside County | San Bernardino County | Santa Barbara
Central California: Central Valley | Bakersfield | Fresno
Completed Bridge Loan Transactions in Sacramento
Bridge Loan for Retail Property in Rancho Cordova, California
$1,010,000
Karpe Real Estate Center, a direct private lender for Central California real estate, funded a $1,010,000 1st lien position refinance bridge loan secured by a 3-unit commercial retail property in Rancho Cordova, Sacramento County, CA. The property value was estimated at $2,020,000 so our loan-to-value was 50%. We paid off a previous loan balance of $1,100,000. The Borrower’s original term on the existing loan was maturing. Due to COVID, banks would not lend to Borrower’s use – gym/fitness center. Karpe successfully completed the deal in 3 weeks with no appraisal required. The subject property was in excellent condition and partially occupied at closing. It was approximately 9,000 square feet. The interest rate was 10.5% with fixed amortized payments. The DSCR was 1.0. We charged 2% origination points, and the broker earned a $17,675 commission. The Borrower had excellent credit. They plan to continue leasing the property and pay off the loan over the 7-year loan term. This CRE refinance bridge loan was funded in January 2023.
Refinance Bridge Loan for Grocery Store in Rancho Murieta, Sacramento County, California
$1,500,000
Avatar Financial Group, a direct private money lending firm, funded a $1,500,000 1st lien position bridge loan to refinance a grocery store retail property in Rancho Murieta, CA, a small community East of Sacramento. The Sponsor’s mortgage broker approached Avatar with a cash-out funding request after receiving notice that their conventional loan had been placed on permanent hold due to the financial market environment caused by the Pandemic. Avatar was able to provide the liquidity needed in less than a week. Our interest rate was 9% for a 12-month term. The estimated value of the property was $10,000,000 which resulted in a very conservative 15% loan-to-value for our loan. The deal was brought to us by a mortgage broker to whom we paid a commission of $15,000. This CRE bridge loan was funded in April 2020.
Bridge Loan for Industrial Property Acquisition in Sacramento, California
$4,000,000
SDC Capital, a direct private lender based in Burbank, funded a $4MM bridge loan for the acquisition of industrial property in Sacramento, California. The purchase price was around $5.3MM, so our loan is 75% loan-to-value, while the Borrower contributed 25% cash at closing. The building is in the “Green Zone” and will be used for a cannabis business. The Borrower plans to use their own funds to do some renovations and add some fixtures in order to provide a turnkey cannabis grow facility. Once they have obtained the appropriate licenses from the City, they will be leasing the building and will not operate the cannabis facility. SDC will only lend to a landlord for a cannabis property, not an operator. The Borrower agreed to partially pay down the loan subsequent to a near-term capital raise and sell the property during the loan term. We did our own valuation in-house and did not require an appraisal. Our interest rate on this deal was significantly higher than what we normally charge, due to the high LTV. We charged an 11% interest rate and 1.5 points. If the LTV was 65% or less, the rate would have been much lower. We made an exception with the higher LTV on this deal because one of the principals of our firm had a prior relationship with the Borrower, and we are confident in their ability to perform. This CRE bridge loan was funded in November 2018.