Bridge Rate Tracker · Updated Weekly

Today's Bridge Loan Rates — April 2026

Current commercial bridge loan rates by property type as of April 28, 2026. SOFR-indexed, 12-36 mo interest-only pricing across multifamily, industrial, hotel, retail, office, and self-storage. Sourced from Bloomfield, CoreVest, Velocity, Avana, Emerald Creek, Alterna, SLIM Capital, and 30+ active bridge lenders.

Quick Answer

What are current bridge loan rates as of April 28, 2026?

As of April 28, 2026, commercial bridge loan rates are 7.80–10.80% all-in. Multifamily bridge 7.80–9.50%, industrial 8.00–9.75%, retail 8.50–10.25%, hotel 8.50–10.50%, office 9.00–11.00%. SOFR (4.32%) + 350-650 bps. 12-36 mo IO.

— PeerSense Capital Advisory · Updated April 28, 2026

Bridge Loan Rates by Property Type — April 28, 2026

As of April 28, 2026

Program	Current Rate	Term	Loan Size	Best For
Multifamily Bridge	7.80–9.50%	12–36 mo IO	$2M – $100M+	Value-add, pre-stabilization, lease-up
Industrial Bridge	8.00–9.75%	12–36 mo IO	$2M – $80M	Flex, last-mile, distribution conversion
Self-Storage Bridge	8.25–10.00%	12–36 mo IO	$1.5M – $50M	New build C&S, climate-controlled add
Retail Bridge	8.50–10.25%	12–36 mo IO	$2M – $75M	Anchored repositioning, mixed-use conv
Hotel Bridge	8.50–10.50%	12–36 mo IO	$3M – $150M	PIP, conversion, flag change, lease-up
Office Bridge	9.00–11.00%	12–24 mo IO	$3M – $100M	CBD trophy, life-sciences conv only
Mixed-Use Bridge	8.25–10.50%	12–36 mo IO	$2M – $75M	Multifamily-anchored repositioning
Bridge-to-Perm	7.95–9.95%	24–36 mo IO + 5/10-yr term	$3M – $100M	Lease-up to permanent CMBS execution

Multifamily Bridge7.80–9.50%
Term
12–36 mo IO
Loan Size
$2M – $100M+
Best For
Value-add, pre-stabilization, lease-up
Industrial Bridge8.00–9.75%
Term
12–36 mo IO
Loan Size
$2M – $80M
Best For
Flex, last-mile, distribution conversion
Self-Storage Bridge8.25–10.00%
Term
12–36 mo IO
Loan Size
$1.5M – $50M
Best For
New build C&S, climate-controlled add
Retail Bridge8.50–10.25%
Term
12–36 mo IO
Loan Size
$2M – $75M
Best For
Anchored repositioning, mixed-use conv
Hotel Bridge8.50–10.50%
Term
12–36 mo IO
Loan Size
$3M – $150M
Best For
PIP, conversion, flag change, lease-up
Office Bridge9.00–11.00%
Term
12–24 mo IO
Loan Size
$3M – $100M
Best For
CBD trophy, life-sciences conv only
Mixed-Use Bridge8.25–10.50%
Term
12–36 mo IO
Loan Size
$2M – $75M
Best For
Multifamily-anchored repositioning
Bridge-to-Perm7.95–9.95%
Term
24–36 mo IO + 5/10-yr term
Loan Size
$3M – $100M
Best For
Lease-up to permanent CMBS execution

Rates indicative based on April 28, 2026 quotes from Bloomfield Capital, CoreVest, Velocity, Avana, Emerald Creek, Alterna Capital, SLIM, Bayview, and other active bridge lenders. Pricing varies with sponsor profile, leverage, exit visibility. 1-mo SOFR 4.32% (Federal Reserve H.15). Spreads 350-650 bps. 1-2 pts origination + 0.5-1 pt exit typical.

What Changed This Month (April 2026 vs March 2026)

SOFR held at 4.32% following the Fed's March pause. Bridge rate-sheet base unchanged month-over-month. Forward SOFR curves price 25-40 bps cuts by year-end if Fed signals materialize.
Bridge spreads tightened ~10-15 bps as CRE CLO investor demand strengthened and several bridge lenders aggressively chased volume. Best-tier multifamily bridge now SOFR + 350 = 7.82% (vs SOFR + 365 in March).
Office bridge remained scarce at 9.00–11.00% with strict 60-65% LTV caps. Most April 2026 office bridge originations were life-sciences conversion plays in Boston/SF/RTP, not generic Class A office.

Bridge Loan Total Cost of Capital (April 2026)

All-in bridge cost = rate + origination + exit + extension fees. Example: $20M multifamily bridge, 7.85% rate, 24-mo term:

Year 1 carry: $20M × 7.85% = $1.57M
Origination (1.5 pts): $300K
Exit fee (0.75 pt): $150K
Total 24-mo cost: ~$3.59M (~9.0% effective annualized)

Bridge vs CMBS vs Hard Money — April 2026

Commercial Bridge: 7.80–10.80%, 12-36 mo, value-add or pre-stabilized
CMBS Conduit: 5.60–7.10%, 10-yr fixed, stabilized only
Hard Money: 10.50–13.50%, 6-18 mo, distressed or fastest-close
Bridge-to-Perm: 7.95–9.95% transitional + 5/10-yr permanent execution

Where to Go Next

Full bridge program qualification, structure, and lender match details at Bridge Loans. Property-type drill-downs at Multifamily Bridge, Hotel Bridge, Industrial Bridge, Office Bridge, Retail Bridge. Compare bridge to CMBS at Bridge vs CMBS and Bridge vs Hard Money. See peer rate hubs at Commercial Lending Rates Hub.

Frequently Asked Questions — Current Bridge Rates

What are current bridge loan rates (April 2026)?+

As of April 28, 2026, commercial bridge loan rates are 7.80–10.80% all-in. By property type: multifamily bridge 7.80–9.50%, industrial bridge 8.00–9.75%, retail bridge 8.50–10.25%, hotel bridge 8.50–10.50%, office bridge 9.00–11.00%. Base index 1-mo SOFR (4.32% April 2026) + 350-650 bps spread. Term 12-36 months interest-only.

How is a bridge loan rate calculated?+

Bridge rate = SOFR (or Prime) + lender spread. April 2026: 1-mo SOFR is 4.32%. Spreads range 350-650 bps based on sponsor profile, property type, leverage, and exit visibility. Best-tier multifamily bridge (strong sponsor, 65% LTV, clear refi path) at SOFR + 350 = 7.82%. Office or hotel value-add: SOFR + 550-650 = 9.82-10.82%.

What is SOFR right now?+

1-month SOFR is 4.32% as of April 28, 2026 (Federal Reserve H.15). 3-month SOFR Term Rate is 4.31%, 6-month is 4.27%. Most bridge loans use 1-month SOFR, resetting monthly. SOFR replaced LIBOR in 2023; today essentially all new bridge originations are SOFR-based.

Are bridge rates higher than CMBS?+

Yes — bridge rates (7.80–10.80%) are ~150-400 bps higher than CMBS conduit rates (5.60–7.10%) because bridge is short-term (12-36 mo), interest-only, asset-based for transitional assets. CMBS is 10-yr fixed for stabilized cash-flowing properties. The trade-off: bridge funds value-add or pre-stabilized deals that CMBS won't touch.

Are bridge loans interest-only?+

Yes — almost all commercial bridge loans are interest-only for the full 12-36 month term, with a balloon payment of full principal at maturity. This maximizes free cash flow during the value-add period. Some lenders (CoreVest, Velocity) offer amortizing bridge for higher-leverage stabilized assets at slightly tighter pricing.

What's the LTV cap on bridge loans today?+

April 2026 bridge loan LTV caps: stabilized multifamily 75% LTV / 80% LTC, value-add multifamily 70% LTV / 80% LTC, hotel bridge 65-70% LTV, office bridge 60-65% LTV (CRE distress concerns), retail bridge 65-70% LTV. Higher leverage achievable with mezzanine subordinate to bridge senior — total stack up to 85% LTV.

What are bridge loan origination fees?+

Typical bridge fees April 2026: 1.0-2.0 points origination at close + 0.5-1.0 point exit fee at refi/payoff. Some lenders waive exit if borrower refinances with same shop. Plus standard third-party costs (appraisal $5-15K, environmental $3-8K, legal $25-75K depending on size). All-in bridge cost is rate + ~2-3 points/year of carry.

Are bridge rates dropping in 2026?+

Slightly. SOFR has held at 4.32% since the Fed's March 2026 pause, so bridge rates are roughly flat month-over-month. Spreads tightened ~10-15 bps in April as bridge investor demand strengthened. Most bridge lenders cut their rate sheets 10 bps in April 2026 vs March. Forward curve implies SOFR drops 25-50 bps if Fed cuts in H2.

Can I get a bridge loan for office today?+

Yes — but with strict underwriting. April 2026 office bridge rates are 9.00–11.00%, LTV capped 60-65%, with strong tenant rollover analysis required. Class A office in primary CBD with credit tenants and clear post-renovation pre-leasing plan can finance. Class B/C suburban office is essentially uneconomic — most office bridge today is for life-sciences conversion or CBD-to-mixed-use repositioning.

Who are the active bridge lenders in April 2026?+

Top active commercial bridge lenders April 2026: Bloomfield Capital, CoreVest Finance, Velocity Mortgage, Avana Capital, Emerald Creek Capital, Alterna Capital Solutions, SLIM Capital, Bayview, Slate Capital, Argentic, Madison Realty Capital, Greystone Bridge. PeerSense matches deal profile to optimal bridge lender across our 30+ active bridge relationships.

Related Rate Hubs & Tools

See Related Rates by Program

PeerSense covers the full commercial capital stack. Rates and structures across our money pages — updated weekly.

SBA 7(a) & 504

5.50–11.75%

Up to $5M acquisition / real estate / equipment, 10% down

See current rates

CMBS Conduit

5.60–7.10%

10-yr non-recourse fixed, $5M–$500M+, fully assumable

See current rates

Bridge Loans

7.80–10.80%

12–36 mo transitional, SOFR + 350-650 bps, 65-75% LTV

See current rates

DSCR Investor

5.95–8.50%

30-yr fixed rental, qualifies on property cash flow

See current rates

Equipment Financing

5.50–12.00%

Loan, lease, SBA 504, vendor, captive — Section 179 eligible

See current rates

Hotel Financing

5.85–11.75%

CMBS + SBA 504 + bridge + PIP across all flags

See current rates

Mezzanine Debt

11.00–18.00%

Subordinate to senior, $1M–$50M, capital stack fill

See current rates

Private Credit

7.80–18.00%

Non-bank flexibility, unitranche, recap, transitional

See current rates

Invoice Factoring + ABL

0.5–3.5% / 30d

B2B receivables, trucking / staffing / construction / govt

See current rates

Editorial integrity: Rates compiled by PeerSense Capital Advisory. PeerSense is a capital advisory firm, not a lender. Content is for educational purposes only. Bridge rates and spreads reflect approximate April 28, 2026 market conditions and may not reflect conditions at time of reading. Specific quotes depend on full underwriting; sponsor experience, property type, leverage, and exit certainty all materially affect final pricing.