Michigan Commercial Bridge Loans
Commercial Bridge Loans in Michigan
Timing a commercial property sale and purchase to line up perfectly rarely happens, especially in a market where good opportunities move quickly. Normandy’s commercial bridge loan gives Michigan property owners access to the equity in their current commercial property so they can purchase a new one without waiting for the existing sale to close — practical short term commercial financing for owners across the state.
Normandy has been in commercial and construction lending since 1985, working with borrowers throughout Michigan, from Metro Detroit and Grand Rapids to Ann Arbor and Lansing.
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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Michigan’s Commercial Real Estate Market
Michigan’s commercial real estate landscape includes strong industrial and warehouse demand tied to the state’s manufacturing and automotive supply chain, along with ongoing redevelopment activity in Detroit’s urban core and surrounding submarkets. Multi-family properties (4+ units) have seen steady investor interest in Grand Rapids and Ann Arbor, both of which have tighter rental markets driven by population and employment growth.
Redevelopment projects in Michigan, particularly in and around Detroit, often involve older commercial buildings, adaptive reuse, and coordination with local municipal permitting and, in some cases, historic district requirements. Owners navigating these timelines frequently need financing flexibility to secure a new property while their existing asset is still under contract or being marketed for sale.
Why Michigan Owners Use Bridge Financing
Whether it’s an industrial building near a supply chain hub or a multi-family property in a growing rental market, Michigan commercial buyers often need to move before their existing property has fully sold. A commercial real estate bridge loan closes that gap, giving owners the flexibility to secure a new asset on their own schedule.
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 Michigan?
It’s short term commercial financing that allows you to use equity in a commercial property you plan to sell to fund the purchase of a new commercial property.
What types of properties qualify for commercial bridge financing in Michigan?
Multi-family (4+ units), retail, office buildings, industrial, and warehouse properties are all eligible.
How quickly can I close on a commercial bridge loan in Michigan?
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 necessarily. An appraisal may be waived for closing depending on the property, LTV, and financials.