Question 1

How fast can I close a bridge loan in Commerce?

Accepted Answer

Most bridge loans close in 10-14 days. Cash-out scenarios or complex properties may add a week.

Question 2

What if my Commerce property doesn't sell in time?

Accepted Answer

Most lenders offer 6-month extensions for 1-2 points. Plan this cost into your budget from day one.

Question 3

Can I use a bridge loan for a Commerce investment property?

Accepted Answer

Yes, investors use bridge loans frequently. Rates run slightly higher than owner-occupied scenarios.

Question 4

Do I make payments on both properties during the bridge?

Accepted Answer

Yes, but bridge loans are interest-only. This keeps monthly costs manageable while carrying two properties.

Question 5

What happens if I can't refinance or sell?

Accepted Answer

Lenders can foreclose on either property. Only use bridge loans with solid exit plans and financial cushion.

Bridge Loans in Commerce: Fast Financing for Property Transitions