Virginia Commercial Bridge Loans
Commercial Bridge Loans in Virginia
Virginia’s commercial real estate market spans everything from Northern Virginia’s high-demand office and data center corridors to Hampton Roads’ port-driven industrial market — and owners across the state often need to purchase a new property before their current one has finished selling. Normandy’s commercial bridge loan gives owners access to the equity in their current commercial property to fund that next purchase, without waiting on the existing sale to close.
Normandy has funded commercial and construction lending programs since 1985, working with borrowers throughout Virginia, from Northern Virginia (DC Metro) to Richmond, Hampton Roads, and Charlottesville.
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%
-
Virginia’s Commercial Real Estate Market
Northern Virginia continues to see strong demand for office and industrial space, driven in large part by federal government contracting, defense-related tenants, and the region’s growing concentration of data centers. Hampton Roads, anchored by one of the busiest ports on the East Coast, sustains a steady industrial and warehouse market tied to shipping and logistics activity. Richmond and Charlottesville have both seen consistent demand for multi-family properties (4+ units) and retail space as population growth continues across central Virginia.
Commercial buyers in Virginia work within a regulatory framework shaped by the Virginia Uniform Statewide Building Code (USBC) and local permitting processes that vary by jurisdiction. For owners navigating a sale-and-purchase transition, a bridge loan removes the constraint of needing the existing sale to close before moving on a new acquisition.
Why Virginia Owners Use Bridge Financing
From Northern Virginia’s fast-moving office and industrial market to Hampton Roads’ port-driven demand, Virginia owners frequently need to secure a new property before their current asset sells. A commercial real estate bridge loan gives them that flexibility by putting existing equity to work immediately.
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 Virginia?
It’s short term commercial financing that lets you use 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 Virginia?
Multi-family (4+ units), retail, office buildings, industrial, and warehouse properties are all eligible.
How quickly can a commercial bridge loan close in Virginia?
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 always required?
Not necessarily — an appraisal may be waived for closing depending on the property, LTV, and financials.