A bridge loan is a short-term real estate loan that "bridges" the gap between an immediate capital need and a longer-term financing solution. The name comes from the concept of crossing a gap — you need to close on a property, capitalize on a time-sensitive opportunity, or hold an asset through a transition period, and a bridge loan provides the capital to do exactly that.
Unlike fix-and-flip loans, bridge loans are not limited to properties undergoing renovation. They can be used on stabilized assets that simply need fast, flexible capital — perhaps the property doesn't qualify for conventional financing due to occupancy, condition, or timing constraints. Bridge loans are also commonly used for 1031 exchange transactions where identification and closing deadlines require speed that conventional lenders cannot match.
NextRes bridge loans are underwritten on the asset's current value and the borrower's exit strategy. We want to understand how you plan to repay — whether through a sale, refinance, or lease-up and permanent financing — and we structure the loan term accordingly. Our bridge product covers both residential properties and light commercial assets, with loan amounts from $150,000 to $10,000,000.
