Washington Commercial Bridge Loans
Commercial Bridge Loans in Washington
Washington’s commercial real estate market, anchored by the Seattle metro’s tech-driven economy and the Puget Sound’s port and logistics activity, moves quickly — and owners often need to purchase a new property before their current one has finished selling. Normandy’s commercial bridge loan gives Washington owners access to the equity in their current commercial property to fund that purchase, without waiting for the existing sale to close.
Normandy has funded commercial and construction lending programs since 1985, working with borrowers throughout Washington, from Seattle and the greater Puget Sound region to Tacoma, Spokane, and Vancouver.
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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Washington’s Commercial Real Estate Market
The Seattle metro’s concentration of technology and corporate employers continues to drive demand for office and mixed-use commercial space, even as the market has adjusted from pandemic-era highs. Industrial and warehouse properties tied to Puget Sound port activity remain in strong demand, supporting a steady logistics and distribution sector across King, Pierce, and Snohomish counties. Multi-family properties (4+ units) also see consistent investor interest across the state, supported by Washington’s lack of a state income tax and continued population growth.
Local permitting and zoning in Washington vary significantly by city and county, and Seattle in particular has its own layered approval processes for commercial redevelopment. For owners looking to acquire an existing commercial property, bridge financing offers a way to move forward without being tied to the closing date of a property they’re selling.
Why Washington Owners Use Bridge Financing
In a market where Seattle-area office, industrial, and multi-family assets are frequently in high demand, owners can’t always afford to wait on a sale before acting on a new opportunity. A commercial real estate bridge loan lets Washington buyers move immediately, using equity already built into their current property.
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 Washington?
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 Washington?
Multi-family (4+ units), retail, office buildings, industrial, and warehouse properties are all eligible.
How fast can a commercial bridge loan close in Washington?
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.
Is an appraisal always required?
Not necessarily — an appraisal may be waived for closing depending on the property, LTV, and financials.