Oregon Commercial Bridge Loans
Commercial Bridge Loans in Oregon
Oregon’s commercial real estate market has limited available land and a competitive buyer pool, which makes timing especially difficult when an owner needs to sell one property to fund the purchase of another. Normandy’s commercial bridge loan gives Oregon property owners access to the equity in their current commercial property, so a new purchase doesn’t have to wait on that sale to close.
Normandy has been funding commercial and construction lending programs since 1985, working with borrowers throughout Oregon, from the Portland metro area to Salem, Eugene, and Bend.
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)
-
-
Rates: Prime Rate plus 2.25% to 4.25%+
-
Loan Fee: 1.00% to 2.00%
-
Application Fee: $650
-
Fast Track Closing Fee: $1,250
-
Underwriting Fee: $450
**Loans over $2,000,000 rates start at 7.95%
-
Oregon’s Commercial Real Estate Market
Portland’s urban growth boundary has long limited the supply of developable commercial land, which pushes more buyers toward acquiring existing commercial properties rather than building new — increasing competition and, at times, urgency around available listings. Industrial and warehouse space tied to Columbia River shipping and import activity remains in strong demand, while multi-family properties (4+ units) continue to see steady investor interest across the Portland metro and Willamette Valley.
Local land use planning in Oregon, shaped heavily by statewide growth management rules, can add time to any project involving new construction or major redevelopment. For owners looking to purchase an existing property rather than build, a commercial bridge loan removes the pressure of needing a completed sale before moving forward.
Why Oregon Owners Use Bridge Financing
With limited commercial inventory in key Oregon markets, owners often can’t afford to wait on a slow sale process before acting on a new opportunity. A commercial real estate bridge loan lets Oregon buyers move forward using equity from their current property, keeping their acquisition timeline in their own hands.
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 Oregon?
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.
What commercial properties qualify in Oregon?
Multi-family (4+ units), retail, office buildings, industrial, and warehouse properties are all eligible.
How fast can a commercial bridge loan close in Oregon?
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 excellent credit to qualify?
No — Normandy considers borrowers ranging from excellent to less-than-perfect credit, subject to underwriting.
Will I need a full appraisal?
Not always. An appraisal may be waived for closing depending on the property, LTV, and financials.