Bridge loan terms feel aggressive right now

Category: Multifamily

1 replies

Original post

Getting quotes on a bridge loan for a value-add 20-unit and the terms feel steeper than what I saw a year ago. Are lenders tightening across the board on multifamily bridge debt, or is this specific to my deal?

Reply by Isla Marsh

Bridge terms have definitely tightened on my end too, especially on anything over 15 units. I locked a deal in the spring and even that felt aggressive compared to what I saw a year prior. Curious what leverage you're being quoted, since mine came in a few points lower than expected.