Looking for anyone with experience on Bridge loans with 50+ units

Investor · Member since 2020 · 4 posts · 2 votes

Hey guys, I have a 60+ unit, Deal and PA Pittsburgh looking for information on the do’s and don’ts and what’s needed with bridge loans rehabs, is it realistic to close within 30 days? Rehab draws , etc..

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Ashish AcharyaBusiness Member

CPA, CFP®, PFS · Sarasota, FL · Member since 2017 · 5k+ posts · 3k+ votes

21h

Bryant, with 60+ units and a bridge-funded rehab, I'd be looking at the financing and the project accounting together.

I'd make sure the acquisition costs, rehab draws, financing costs, and ongoing operating expenses are all being tracked separately from day one. That makes the eventual refinance and tax reporting much cleaner.

I'd also model the deal through stabilization rather than just the bridge closing. The real question is what the property looks like after the rehab, the new debt, realistic operating expenses, and the tax impact are all included.

If you're holding it long term, I'd also have the depreciation and potential cost segregation implications looked at once the acquisition and rehab plan are clear.

Feel free to DM me, I’d be happy to send over a few resources that might be helpful.

[email protected]941-914-7779

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Tyler MccleanPro Member
Investor · Nassau County, NY · Member since 2022 · 100 posts · 26 votes
1d
Hey Bryant, it’s definitely doable. As long as the deal makes sense. Typically they want to see credit, experience, rent roll if applicable, construction budget if applicable. When you over 10 units it really becomes a much more deal by deal basis. Purchase price, is it a declining market or stable, these are things determined by appraisal. I’d be happy to connect and go over your specific scenario
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Marc Del Priore
Lender · Philadelphia, PA · Member since 2024 · 44 posts · 15 votes
21h
Hi Bryant, on a 60 plus unit bridge deal in Pittsburgh, 30 days is realistic if the package is clean going in, because lenders will focus on purchase price versus stabilized value, the rehab budget, current rent roll and occupancy, and your experience and exit. Rehab draws are usually paid as work is completed and inspected, so a clear scope, contractor budget, and reserves matter as much as rate. The exit is the big question, whether that is a refinance once rents are stabilized or a sale, and lenders will stress test that path hard. I am with Royal Partners and I am happy to give you straight numbers if you want to DM me the purchase price, loan amount and rehab budget you need, the current rents and occupancy, your estimated stabilized value, and your experience with deals this size.
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- Bryant Brown
  OP
  Investor · Member since 2020 · 4 posts · 2 votes
  15h
  Thank you. I will follow up with you soon
  0 Reply
- Marc Del Priore
  Lender · Philadelphia, PA · Member since 2024 · 44 posts · 15 votes
  13h
  Sounds good, Bryant. Whenever you are ready, just send over the purchase price, the loan and rehab amounts you need, current rents and occupancy, and your estimated value after stabilization, and I will run straight numbers for you. Happy to help you sanity check it before you lock in a lender.
  0 Reply
Ashish AcharyaBusiness Member
CPA, CFP®, PFS · Sarasota, FL · Member since 2017 · 5k+ posts · 3k+ votes
21h
Bryant, with 60+ units and a bridge-funded rehab, I'd be looking at the financing and the project accounting together.
I'd make sure the acquisition costs, rehab draws, financing costs, and ongoing operating expenses are all being tracked separately from day one. That makes the eventual refinance and tax reporting much cleaner.
I'd also model the deal through stabilization rather than just the bridge closing. The real question is what the property looks like after the rehab, the new debt, realistic operating expenses, and the tax impact are all included.
If you're holding it long term, I'd also have the depreciation and potential cost segregation implications looked at once the acquisition and rehab plan are clear.
Feel free to DM me, I’d be happy to send over a few resources that might be helpful.
[email protected]941-914-7779
INVESTOR FRIENDLY CPA®4.9242 Reviews
Website View Page
TaxMD® | Tax Planning Software
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1 Reply
- Bryant Brown
  OP
  Investor · Member since 2020 · 4 posts · 2 votes
  15h
  Thank you. I will follow up with you soon
  0 Reply
Stephen Foster
Member since 2026 · 9 posts · 3 votes
19h
I'm a mortgage broker. A 30-day close on 60+ units is possible, but only if your file is ready on day one. Plan on 45+ days and get an extension option in the contract if the seller will give it. What usually slows these down is the third-party reports: commercial appraisal, Phase I environmental, property condition report, title/survey and insurance. Order them the day you sign the term sheet. Bridge lenders typically want the T-12 and current rent roll, your experience with similar-size multifamily (or a partner who has it), liquidity and net worth statements, a line-item rehab budget with bids and a schedule, and a clear exit (refi after stabilization or sale). On draws, the rehab money is usually held back and paid in arrears after an inspector verifies the work, so you need cash to fund the first round and cover carry until reimbursement. Ask every lender how fast they turn draws, whether there's an interest reserve, what the extension terms are, and whether they size on as-is or as-stabilized value. Those answers matter more than the headline number.
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Todd Dexheimer
Rental Property Investor · St. Paul, MN · Member since 2016 · 3k+ posts · 3k+ votes
17h
Try your local banks and credit unions instead. You'll get better terms for much cheaper and you won't be dealing with sharks.
0 Reply
Nyisha Walton
Lender · Houston, TX · Member since 2026 · 105 posts · 32 votes
15h
Hey Bryant, a 60+ unit bridge with rehab draws in Pittsburgh is right in my wheelhouse, and I work with a network of commercial lenders who do this every day, so if I'm not the right fit I can connect you with someone who is. Thirty days is doable when the package is ready up front, so have your rent roll, T12, rehab budget and scope, and your experience summary pulled together before you apply. Message me the purchase price, rehab amount and your timeline and I'll point you to the right lender
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Ryan BakerBusiness Member
Lender · Strongsville / Cleveland, OH · Member since 2026 · 94 posts · 22 votes
15h
Bryant, on a 60+ unit bridge deal, 30 days is realistic only if your package is ready before you go under contract. That means a current rent roll and trailing operating statements, a line-item rehab budget with a contractor bid, proof of liquidity for reserves, and a clear exit, usually a stabilized refinance. Draws are typically released after inspection of completed work, so a phased scope and a plan to float each phase matter a lot. Be ready to show the lender how the rehab lifts income enough to support the takeout loan. I do lending and have a local construction team, and I'm happy to walk through your numbers and timeline on a quick call, my direct line and email are on my profile. (Drafted with AI assistance.)
[email protected]330-548-3340
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Benny KatzBusiness Member
Member since 2026 · 6 posts · 1 vote
8h
Hi Bryant, Benny Katz, Founder of ATZI. We structure bridge loans for multifamily value-add deals, with rehab funds released in draws, and a 30-day close is realistic when the file is ready on day one. To hit that timeline, have these ready: T12, current rent roll, rehab budget and draw schedule, a list of properties you own, proof of cash for the down payment and reserves, and the purchase contract. What are the purchase price, rehab budget, current occupancy, and your target closing date? I'll send you a private message as well.
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Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
7h
Have you ever closed on something this big? The reality in my mind is no, you're not going to get this done in 30 days. Closing on a bridge like this will take time, and usually you will not even get an appraisal within 30 days. I'm just trying to give you an honest opinion instead of all the ChatGPT-generated responses that you're already getting from other people.
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