New Jersey Commercial Bridge Loans
Commercial Bridge Loans in New Jersey
New Jersey’s commercial property market is dense, high-value, and highly competitive — which means owners often need to move on a new acquisition before their current property has finished selling. Normandy’s commercial bridge loan gives owners access to the equity in their current commercial property to fund the purchase of a new one, without waiting on that sale to close first.
Normandy has provided commercial and construction financing since 1985, working with property owners across New Jersey, including Bergen, Essex, Hudson, and Middlesex counties, as well as the broader Northern and Central New Jersey markets.
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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New Jersey’s Commercial Real Estate Market
New Jersey’s proximity to New York City and Philadelphia, combined with its position along the I-95 corridor and near the Port of New York and New Jersey, has made the state one of the strongest industrial and warehouse markets in the country. Distribution and logistics space in the Meadowlands, along the Turnpike corridor, and in South Jersey continues to see intense demand. Multi-family and retail properties in the state’s dense northern counties also remain tightly held, with owners frequently competing for well-located assets.
Given New Jersey’s high commercial property values, a significant amount of an owner’s capital is often tied up in a single asset. That makes bridge financing a particularly useful tool for owners who need to act on a new purchase while their existing property is still under contract or being marketed.
Why New Jersey Owners Use Bridge Financing
In a market as tightly held as New Jersey’s, hesitating on a good acquisition often means losing it to another buyer. A commercial real estate bridge loan lets owners act immediately by leveraging equity already built into their current property, rather than waiting on a sale timeline they don’t fully control.
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 New Jersey?
It’s short term commercial financing that lets you use the equity in a commercial property you intend to sell to purchase a new commercial property before that sale closes.
What types of commercial property qualify in New Jersey?
Multi-family (4+ units), retail, office buildings, industrial, and warehouse properties are all eligible.
How quickly can a commercial bridge loan close in New Jersey?
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 works with borrowers ranging from 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