Financing
Bridge Loans
Short-term money for a property that is not ready for a long-term loan yet.
A one- to three-year, interest-only loan from a private lender or debt fund. It covers a renovation, a lease-up or a fast closing, then you refinance into a long-term loan.
A good fit when
- The property needs work or more tenants first
- You need to close quickly
- Your current loan is due before you are ready to refinance
Quick facts
| Loan size | Often $2 million and up |
|---|---|
| Leverage | 65 to 75% of cost (some up to 80% including renovation) |
| Term | 1 to 3 years, interest-only, with extension options |
| Rate | Floating, about SOFR + 3 to 6% (roughly 7 to 10% today), plus 1 to 2 points |
| Personal guarantee | Often limited |
| Time to close | 2 to 6 weeks (private) or 30 to 45 days (institutional) |
Typical ranges as of October 2026. Every lender and deal is different.
Watch out for
- Costs more than long-term debt
- You need a clear plan to refinance or sell
- Extension fees and rate-cap costs add up
General information, not an offer or commitment. Star Advantage Funding is not a lender; every lender sets its own terms.