Construction bridge loan solutions for real estate projects
Short-term, senior construction bridge loans for ground-up, heavy rehab, and major capex projects. Brora structures construction bridge financing around your scope, budget, and exit—so you can keep the job moving and hit milestones without capital bottlenecks.
- 7–21 day close on qualified files
- Milestone-based construction draw schedules
- Florida & Southeast coverage
What are construction bridge loans?
Construction bridge loans are short-term, senior facilities that fund acquisition plus ground-up builds or major renovations, then carry the project to stabilization, refinance, or sale.
Instead of relying on rigid bank construction facilities, construction bridge financing:
- Funds land or acquisition, hard costs, and eligible soft costs
- Releases capital through a clear construction draw schedule
- Aligns term and structure to your build and lease-up timeline
At Brora, construction bridge loans are designed for experienced sponsors who need speed, clarity, and execution—not a generic “take it or leave it” construction box.
Key benefits of construction bridge financing with Brora
- Capital aligned to the build: Draws track real construction progress and approved budgets, so funding matches how your project actually moves.
- Speed when it matters: We move faster than traditional construction lenders, with focused documentation and responsive underwriting.
- Practical covenants: Terms, reserves, and tests are calibrated to scope, market, and sponsor—not just boilerplate formulas.
- Integrated acquisition + construction: Where appropriate, a single construction bridge loan can fund both site acquisition and construction/rehab, simplifying your capital stack.
- Clear path to exit: We structure construction bridge financing to set you up for a clean take-out via perm debt, recapitalization, or sale.
How construction bridge loans work with Brora
Share the Project
Site/asset profile, plans and specs, budget, contractor structure, timeline, and exit strategy (refi or sale).
Underwrite & Structure
We review permits, entitlements, GMP or bids, cap table, and pro forma. Construction bridge loan terms are sized to realistic costs, LTC/LTV, and your exit timing.
Docs, Approvals & Close
We finalize loan docs, coordinate required third-party reports (appraisal, construction review, environmental), and close—often within 7–21 days for ready projects.
Funding & Construction Draws
- Initial funding may cover land, closing costs, and early-stage work.
- Ongoing draws are requested against completed work using a predefined construction draw schedule.
- Inspections and documentation verify progress; funds are released promptly upon approval.
Stabilize & Exit
As construction completes and the project reaches lease-up or sale, you refinance into permanent debt or close on disposition with a straightforward payoff.
Assets and situations we refinance
Construction bridge loans are built for income-producing and transitional real estate with a clear path to value creation.
Project types
- Ground-up multifamily and residential investment projects
- Heavy rehab and repositioning of existing multifamily or commercial assets
- Build-to-rent or infill residential projects
- Industrial, flex, and select retail or mixed-use developments
Typical situations
- Time-sensitive opportunities where you need to close on land or an existing structure quickly
- Projects where bank construction financing is slow, inflexible, or unavailable
- Heavier value-add deals that combine acquisition, capex, and lease-up
- Existing projects where a prior lender won’t fund remaining draws or an extension
Terms
Every deal is bespoke, but most construction bridge financing with Brora falls within these general ranges:
- Loan purpose: Acquisition + construction, heavy rehab, completion financing
- Term: ~12–36 months, often with extension options
- Structure: Senior, typically interest-only during the term
- Leverage: Sized to LTC/LTV and realistic as-complete / as-stabilized value
- Draws: Milestone-based, following a detailed construction draw schedule
- Reserves: Interest, contingency, and appropriate hard/soft cost reserves
All terms are subject to underwriting, documentation, and market conditions.
Scenarios we refinance
Where a construction bridge loan is often the right fit:
- Ground-up multifamily project with permits in hand where the sponsor needs to close on land and start vertical quickly
- Heavy rehab of an aging apartment property, including full unit renovations, systems upgrades, and amenity repositioning
- Conversion of an underutilized commercial building into modern office, flex, or mixed-use space
- Build-to-rent homes or small residential communities in growth corridors needing flexible construction draw schedules
- Projects where an incumbent construction lender has stalled, and a new facility is needed to complete the job and carry to stabilization
If the project is viable, entitlements are clear, and the exit is credible, we’ll look for a way to structure construction bridge financing around it.
FAQs (short answers for rich results)
Do you fund both acquisition and construction in one facility?
Yes. Where the project supports it, our construction bridge loans can fund land or building acquisition plus construction or heavy rehab under one facility.
How does the construction draw schedule work?
Before closing, we agree on a detailed construction draw schedule tied to your budget. You request draws as work is completed; we verify progress via inspections and documentation, then release funds promptly.
Do you require a GC, or can projects be self-performed?
We’re comfortable with both structures, as long as the sponsor/GC team has relevant experience, appropriate licensing, and a clear plan to deliver on time and budget.
Can construction bridge financing include soft costs and interest reserves?
Yes. Subject to underwriting, eligible soft costs and interest reserves can be built into the overall loan structure to support the full project lifecycle.
Do you only fund fully entitled projects?
We generally require a clear path on entitlements and key permits prior to funding. We’ll evaluate where you are in the approval process as part of underwriting.