North Carolina Commercial Bridge Loans
Commercial Bridge Loans in North Carolina
North Carolina’s commercial real estate markets are among the fastest-growing in the country, and buyers who wait for a current property to sell before acting on a new one often miss the opportunity. Normandy’s commercial bridge loan gives owners access to the equity in their current commercial property so they can purchase a new one on their own timeline — a straightforward form of commercial bridge financing for owners across the state.
Normandy has funded commercial and construction lending programs since 1985, working with borrowers throughout North Carolina, from Charlotte and the Research Triangle (Raleigh-Durham) to Greensboro and Wilmington.
Pre-qualify or request a rate quote using our Commercial Bridge Loan Form. Learn more about all Normandy Loan Programs, or call us at 800-390-7536.
General Guidelines*
- Loan Amounts from $95,000 to $6,000,000
- Loan to value up to 75% of appraised value
- Allows you to close quickly to buy property on your schedule
- Deal directly with the Loan Officer/Underwriter and Senior Credit Officer
- Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
- Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
- Eligible properties include: Multi-family (4 or more units), Retail, Office Building, Industrial and Warehouse
- Both – Full income documentation or limited income documentation available
- 12 month term – No pre-payment penalty
- Interest only payments
- Foreign Nationals are eligible for this program
- Appraisal may be waived for closing subject to property, loan to value and financial’s
*All rates and terms subject to change without notice
Rates and Fees
(Based on credit score, income, savings and LTV)
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Rates: Prime Rate plus 2.25% to 4.25%+
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Loan Fee: 1.00% to 2.00%
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Application Fee: $650
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Fast Track Closing Fee: $1,250
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Underwriting Fee: $450
**Loans over $2,000,000 rates start at 7.95%
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North Carolina’s Commercial Real Estate Market
Charlotte’s position as a major banking and finance hub continues to drive office and mixed-use commercial demand, while the Research Triangle’s concentration of research, technology, and life sciences employers has fueled strong demand for office and flex/industrial space in Raleigh, Durham, and Cary. Across the state, rapid population growth has kept multi-family properties (4+ units) and retail centers in high demand, particularly in fast-growing suburban submarkets.
This growth has also meant increased competition for well-located commercial assets, with local permitting and rezoning processes varying significantly by county and municipality. In this kind of environment, a bridge loan gives buyers the ability to secure a property now rather than risk losing it while waiting on the sale of their current asset.
Why North Carolina Owners Use Bridge Financing
In markets like Charlotte and the Triangle, where commercial listings are frequently under contract within weeks, owners need financing that moves as fast as the market does. A commercial real estate bridge loan lets North Carolina buyers act on a new acquisition immediately, using the equity already built up in their current property.
Loans Available in the Following States
- Alaska (AK)
- Alabama (AL)
- Arkansas (AR)
- Colorado (CO)
- Georgia (GA)
- Hawaii (HI)
- Idaho (ID)
- Indiana (IN)
- Kansas (KS)
- Kentucky (KY)
- Maine (ME)
- Mississippi (MS)
- Missouri (MO)
- Montana (MT)
- North Carolina (NC)
- Nebraska (NE)
- New Mexico (NM)
- Ohio (OH)
- Oklahoma (OK)
- South Carolina (SC)
- Tennessee (TN)
- Texas (TX)
- Utah (UT)
- West Virginia (WV)
- Wyoming (WY)
Frequently Asked Questions
What is a commercial bridge loan in North Carolina?
It’s short term commercial financing that uses the equity in a commercial property you intend to sell to fund the purchase of a new commercial property before that sale closes.
What commercial properties qualify in North Carolina?
Multi-family (4+ units), retail, office buildings, industrial, and warehouse properties are all eligible.
How fast can a commercial bridge loan close in North Carolina?
Pre-qualification is typically 3–5 business days, with closing generally within 30 days. Fast track closings in around 14 days may be available for qualifying borrowers.
Do I need perfect credit to qualify?
No. Normandy considers borrowers with excellent to less-than-perfect credit, subject to underwriting.
Is an appraisal required for every loan?
Not always — an appraisal may be waived for closing depending on the property, LTV, and financials.