New York Commercial Bridge Loans
Commercial Bridge Loans in New York
New York’s commercial property market — from Manhattan office towers to multi-family buildings across the outer boroughs and industrial space upstate — moves on its own timeline, and owners often need to close on a new acquisition before their current property has sold. Normandy’s commercial bridge loan gives New York property owners access to the equity in their current commercial property so a new purchase doesn’t have to wait on that sale. This bridge loan commercial property program is designed to keep your acquisition moving on your schedule, not the market’s.
Normandy has been headquartered in Rochester, New York, funding commercial and construction lending programs since 1985, and works with borrowers throughout the state — from New York City, Long Island, and Westchester to Rochester, Buffalo, Syracuse, and Albany.
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 York’s Commercial Real Estate Market
New York City remains one of the most competitive and highest-value commercial real estate markets in the country, with steady demand for multi-family (4+ units), retail, and office properties across Manhattan and the outer boroughs, alongside a growing industrial and last-mile warehouse market driven by e-commerce logistics. Multi-family transactions in New York City are also shaped by rent stabilization rules and Multiple Dwelling Law requirements, which add complexity that buyers need to account for when timing a purchase.
Upstate, cities like Rochester, Buffalo, and Syracuse offer a different commercial landscape — steadier pricing, ongoing redevelopment of older industrial and mixed-use buildings, and a growing base of multi-family investors drawn to more affordable entry points. Across the state, local permitting and zoning review, particularly the multi-agency process in New York City through the Department of Buildings, can extend the time it takes to close on a new commercial property. A commercial bridge loan gives buyers the flexibility to secure a property now rather than risk losing it while their existing asset is still being marketed or under contract.
Why New York Owners Use Bridge Financing
Whether it’s a multi-family building in Brooklyn, a retail property in Manhattan, or an industrial building near Rochester or Buffalo, New York owners frequently need to move on a new acquisition before their existing property has fully sold. A commercial real estate bridge loan closes that gap, letting owners put existing equity to work immediately instead of 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 York?
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 New York?
Multi-family (4+ units), retail, office buildings, industrial, and warehouse properties are all eligible.
How quickly can a commercial bridge loan close in New York?
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.