San Bernardino County Bridge Lenders for Commercial Real Estate
Are you seeking short-term financing secured by commercial real estate in San Bernardino County? On this page you'll find a list of select CRE Bridge Lenders that can finance a San Bernardino County 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.
SDC Capital
Family Office Lender. No 3rd-party appraisal (typically). Soft Money Terms in 1st or 2nd Lien Position.
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
Funded CRE Bridge Loans in San Bernardino County
Bridge Loan for 12-Unit Multifamily Property in Cedar Glen, California
$1,200,000
Karpe Real Estate Center, a direct private lender for Central California real estate, funded a $1,200,000 1st lien position refinance bridge loan for a 12-unit multifamily property in Cedar Glen, CA. The property value was estimated at $1,840,000 so our loan-to-value was 65%. We paid off a previous loan balance of $1,100,000. The Borrower had a loan maturing and needed a quick bridge loan while the property was put on the market for sale. The units were completely renovated and fully leased at the time of loan closing. The 0.29-acre property sits near a popular vacation spot in Lake Arrowhead. The Borrowers plan on selling the property and exchanging it for their next project. The Borrower had good credit. The interest rate was 10.50%. The loan term was set at 12 months. This multifamily bridge loan was funded in April 2023.
Refinance Bridge Loan for Commercial Land in San Bernardino, California
$2,895,000
In September 2020, Newport Commercial Capital provided a CRE bridge loan in the amount of $2,895,000 secured by vacant commercial land in San Bernardino, CA. The Borrower was seeking a cash-out refinance loan to pay off the existing debt and utilize the additional proceeds to complete several milestones in preparation for the vertical construction phase. The lot, consisting of 18 acres, was recently entitled to a 420-unit senior care facility. The Borrower is an investment group that initially came to us in February. Due to a disagreement among the partners, the deal fell apart. They came back to us in September, and we were able to close quickly. We ordered an appraisal, and the value came at just under $10,000,000. So our loan-to-value was only 30%. The loan term was set at 12 months, we expected to be paid back when the Borrower secures a ground-up construction loan. Very few lenders are willing to consider land deals of this size in the Inland Empire. We have funded land loans through the pandemic and continue to be bullish on infill urban land deals with low loan-to-values.