Refinance bridge loan solutions for real estate sponsors
Short-term, senior refinance bridge financing that pays off existing debt, creates runway, and lets you finish the business plan on your terms; not the lender’s.
Brora structures each bridge loan refinance around your asset, timeline, and exit strategy.
- 7–21 day close on qualified files
- Interest-only refinance bridge loans
- Florida & Southeast coverage
What is a refinance bridge loan?
A refinance bridge loan is short-term, senior real estate financing that replaces an existing loan and carries the asset to its next stage; stabilization, sale, or permanent debt.
Instead of forcing a fire sale or rushed agency execution, refinance bridge financing:
- Pays off maturing, restrictive, or higher-cost debt
- Funds remaining capex, lease-up, or operating runway
- Positions the asset for a cleaner, more strategic take-out
At Brora, refinance bridge loans sit within our broader bridge real estate financing platform, purpose-built for experienced investors and developers.
Key benefits of refinance bridge loans with Brora
- Create runway, not pressure: Replace a looming maturity or inflexible lender with a refinance bridge loan sized to your plan and timeline.
- Finish the business plan: Fund remaining renovations, TI/LC, or lease-up so NOI and DSCR are where they need to be before you go permanent.
- Improve flexibility: Restructure covenants, reserves, and draw mechanics around how the asset actually operates today, not how it looked at closing years ago.
- Protect upside: Avoid forced sales or distressed refis. Refinance bridge financing can preserve equity and give you options as markets move.
- Move quickly: Our streamlined process, focused documentation, and responsive underwriting help sponsors solve time-sensitive refinancing challenges fast.
How a refinance bridge loan works with Brora
Share the Story
Asset profile, current lender and terms, remaining business plan, updated budget, and exit options (refi or sale).
Underwrite & Structure
We evaluate current performance, capex-to-date, remaining work, and market conditions. Refinance bridge loan terms are sized to realistic NOI, LTC/LTV, and your exit timeline.
Docs & Close
Checklist-driven diligence and coordinated third-party reports (appraisal, PCA, environmental, as needed) let us close cleanly; often in 7–21 days.
Funding & Reserves
The refinance bridge loan pays off the existing lender and, where appropriate, funds remaining capex and interest reserves.
Execute Exit
Once the asset is stabilized or the business plan is complete, you refinance into permanent debt or sell, with a straightforward payoff.
Assets and situations we refinance
Refinance bridge loans are ideal for income-producing and transitional assets where the story is intact but the capital stack needs to change.
Property types
- Multifamily (value-add, lease-up)
- Commercial (office, industrial, retail, mixed-use)
- Residential investment (1–400 unit portfolios)
- Select land or redevelopment with a clear path forward
Common use cases
- Maturing bridge or construction loans with no extension available
- Assets where capex is partially complete and a prior lender can’t or won’t fund the balance
- Properties that need more time to stabilize occupancy or burn off concessions
- Situations where refinancing can remove restrictive covenants, cash sweeps, or lockboxes
- Recapitalizations that bring in new equity and reset sponsor alignment
Terms
Every deal is customized, but most refinance bridge loans fall within these general parameters:
- Loan purpose: Refinance, recapitalization, completion of business plan
- Term: ~6–12 months, often with extension options
- Structure: Senior, typically interest-only
- Leverage: Sized to LTC/LTV and in-place / projected NOI
- Reserves: Interest, taxes/insurance, and capex reserves where appropriate
- Covenants: Calibrated to asset, plan, and market risk; not generic, one-size hurdles
All terms are subject to underwriting, documentation, and market conditions.
Scenarios we refinance
Real examples of where a refinance bridge loan can be the right tool:
- Land acquisition and pre-development bridge financing.
- Multifamily value-add deal where 60% of units are renovated, but the current lender won’t extend long enough to finish the plan.
- Newly delivered apartment building in lease-up that needs another year to reach agency-ready DSCR.
- Office or industrial asset with solid tenancy but a near-term maturity and limited options with the incumbent lender.
- Residential investment portfolio where consolidating debt into one refinance bridge financing facility simplifies execution and unlocks equity.
- Mixed-use property that needs additional TI/LC dollars to secure key tenants before permanent financing.
If the business plan is sound and there’s a clear path to perm or sale, we’ll look for a way to structure refinance bridge capital around it.
FAQs (short answers for rich results)
When should I consider a refinance bridge loan instead of going straight to perm?
When the asset isn’t quite ready for optimal permanent terms – due to DSCR, occupancy, rents, or remaining capex – a refinance bridge loan can create runway and preserve long-term value.
Can a refinance bridge loan fund remaining capex or TI/LC?
Yes. Subject to underwriting, refinance bridge financing can both pay off the existing lender and fund remaining improvements, TI/LC, and reserves needed to complete the plan.
Do I need a fully stabilized asset to qualify?
No. We commonly finance transitional assets that are mid-renovation, in lease-up, or still working through an operational reset, as long as there’s a credible plan and exit.
Can you refinance an existing bridge or construction lender?
Yes. In many situations we step in as a new lender to refinance a maturing bridge or construction facility and carry the project to stabilization or sale.
Do you work with my current or new permanent lender on the take-out?
We’re happy to coordinate timing and requirements with your agency, bank, or life company lender so the transition from bridge to perm is as smooth as possible.