San Diego Bridge Lenders for Commercial Real Estate
Are you seeking short-term financing secured by commercial real estate in the San Diego metro area? On this page you'll find a list of select CRE Bridge Lenders that can finance a San Diego 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.
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 Diego
Bridge Loan for 20-Unit Retail Property Acquisition in San Diego
$5,775,000
First Bridge Lending, a private mortgage lender, provided a $5,775,000 bridge loan to secure the acquisition of a 20-unit retail property in the Kearny Mesa neighborhood of San Diego, CA. We funded 55% of the $10,500,000 purchase price in 1st lien position, and the Borrower contributed 45% cash at closing. The Borrower was a repeat client of ours and was acquiring the property with below-market rents across the rent roll. They needed a bridge loan to provide time to work leases to market rates. The property will also undergo a variety of improvements as part of an overall makeover, but we are not funding the renovations. The Borrower will spend around $1,050,000 of their own cash, and we anticipate our loan will be approximately 40% of the completed value. Upon completion, the property will underwrite to conventional loan metrics. The subject property was in good condition and tenant-occupied at closing. The Borrower plans to continue rental and eventually refinance as an exit strategy. The loan term was set at 24 months. This CRE bridge loan was funded in July 2022.
Bridge Loan for Industrial Property Value-Add Project in San Diego, CA
$4,900,000
First Bridge Lending, a private mortgage lender, provided a $4,900,000 bridge loan to secure the acquisition of an industrial property in the Kearny Mesa neighborhood of San Diego, CA. We funded 55% of the $7,200,000 purchase price in 1st lien position, and the Borrower contributed 45% cash at closing. First Bridge Lending also funded 100% of the $750,000 renovation budget. The after-repair value was estimated to be $10,200,000 so we anticipate our loan to be approximately 48% of the completed value. The property was extremely overbuilt due to the security needs of the previous occupant. This made it difficult for the seller to find a buyer, but it offered a great opportunity for our Borrower. Their plan was to eliminate all the unnecessary improvements, update the property, lease it to a single tenant, and then sell it. The subject property was in good condition and vacant at closing. The loan term was set at 18 months. This CRE bridge loan was funded in December 2021.
Acquisition Bridge Loan for Office Building 1031 Exchange in Carlsbad, California
$4,300,000
Archway Fund, a direct CRE private lender, provided a $4,300,000 1st lien position non-recourse bridge loan for the purchase of an office building in Carlsbad, San Diego County, CA. The Sponsor was using 1031 exchange proceeds and needed a quick closing for the acquisition. Archway funded 72% of the purchase price, and the 1031 contribution was 28%. The property was 100% occupied but had short-term leases. Archway was able to get comfortable with this by building a $140,000 interest reserve into the loan. The exit strategy will be to refinance once the property is stabilized with longer-term leases. The loan term was set at 12 months. The interest rate was fixed at 8.75%. We charged an origination fee of 2 points. This bridge loan was funded in January 2020.
Non-Recourse Bridge Loan for Industrial Property Acquisition in San Diego, California
$6,700,000
Archway Fund, a direct private lender based in LA, provided a $6.7M 1st lien position bridge loan secured by an industrial property that consists of two buildings located in San Diego, California. The Sponsor plans to use proceeds to facilitate the acquisition and provide renovation funds for improvements. The exit strategy is to sell one of the buildings and refinance the other to repay the proposed loan. We were able to fund fast to meet the Sponsor’s closing deadline. The interest rate was 8.75% fixed for a term of 18 months. The loan-to-value was 70%, and the Sponsor was not required to personally guarantee the loan. This CRE purchase bridge loan was funded in September 2018.