Hard money and bridge
Private bridge loans
A private bridge loan is a short-term loan from a debt fund, family office or other private lender that finances an acquisition, refinance or repositioning of commercial real estate until a planned event, such as stabilization, a sale or a permanent refinance, repays it.
Key facts
Figures as of 2026-10-31. Program rules change by notice, so an advisor confirms current terms with lenders before you rely on any figure.
| Item | Figure | Source and date |
|---|---|---|
| Max LTV (Corin sizing assumption) | 75% | Corin sizing estimate; as of 2026-10-31 |
| Minimum debt yield (Corin sizing assumption) | 7% | Corin sizing estimate; as of 2026-10-31 |
| Typical term | 24 months | Corin sizing estimate; as of 2026-10-31 |
| Indicative spread | SOFR + 3.85 points | Corin sizing estimate; as of 2026-10-31 |
| Lender fee / exit fee | 1.0% / 0.5% | Corin sizing estimate; as of 2026-10-31 |
| Typical close | 10–21 days after a complete file | Corin sizing estimate; as of 2026-10-31 |
| Private-lender range (rate) | 9.5%–12.5% | Corin estimate, varies by lender; as of 2026-10-31 |
Who uses private bridge debt
Owners use bridge loans when permanent financing is not available yet: a property that needs lease-up, a maturing loan, a time-sensitive purchase or a repositioning. The lender prices speed and flexibility, so the loan costs more than permanent debt.
Private lenders fund at closing as lender of record and make their own credit decisions. Corin arranges the loan as a licensed broker; it never funds loans, holds borrower money or services loans.
- Acquisition ahead of a permanent loan
- Refinance of a maturing loan while the property is repositioned
- Transitional senior housing, hotel or multifamily assets
Choosing a structure
Debt funds typically offer larger loans at lower spreads, with more documentation and a longer process. Private lenders are faster and smaller, with higher pricing. Most deals need a defined exit: HUD, agency, CMBS, SBA or sale.
Frequently asked questions
How is a bridge loan repaid?
From a permanent refinance, a sale or other planned capital event. The lender will test that exit before it commits.
Does the loan require recourse?
Often some, such as carve-out or completion guaranties, but terms vary by lender and deal.
How fast can it close?
Many close in 10–21 days after a complete file, subject to lender approval, appraisal, title and diligence. Timing is not guaranteed.
Related programs
- Hard money and bridge loansShort-term, asset-based private loans for speed and flexibility.
- Multifamily bridgeFloating, interest-only debt for value-add apartment business plans.
- Bridge-to-HUDShort-term floating debt to stabilize a facility before a HUD 232/223(f) takeout.
- PIP bridgeFloating, interest-only debt to complete a franchise renovation before a permanent takeout.
- Hotel financingSBA, CMBS and bridge options for hotel owners and buyers.
Talk through your deal with an advisor
Send the basics and a licensed Corin advisor reviews which programs and lenders may fit, or size the loan yourself first.