CRE Bridge in Grand Junction

Medical and aviation-adjacent assets are the two identifiable lanes here. Grand Junction is the tertiary medical hub for all of western Colorado and eastern Utah, anchored by Intermountain Health St. Mary's Regional Hospital, Community Hospital and the VA Western Colorado Health Care System, which makes medical office and healthcare-adjacent property near those campuses a repositioning target. West Star Aviation, one of the largest business-jet maintenance and repair operations in the country, anchors the airport corridor at Grand Junction Regional Airport, making that corridor the county's identifiable industrial and aviation-services lane.

Because a bank underwrites a stabilized asset, and a repositioning or lease-up asset is not one yet. A bridge loan lets you buy, reposition, or hold a commercial property through the gap between acquisition and stabilization, then refinance into permanent debt once it can support conventional underwriting. That gap is the same reason banks pass on time-sensitive commercial deals generally, not something specific to this market.

No. No CRE vacancy, rent, or cap-rate figures for Mesa County were located in any asset class, so we do not publish one, and any page or conversation citing a specific vacancy rate or cap rate for this market is not sourced to verified data. Underwrite the specific asset and its own rent roll rather than a market-wide figure.

For non-residential and multifamily projects, Grand Junction locks the impact fee at the amount in effect when a complete application is submitted, and that fee stays valid for two years as long as a planning clearance issues in that window under the city's Ordinance 5250 fee schedule (effective 2026-01-01). The dollar amounts of those fees were not located, so budget for the fee category, not a specific figure, and confirm the current schedule with the city before underwriting a repositioning that requires new permitting.

Bridge capital is for repositioning or stabilizing a commercial property before permanent financing: value-add, lease-up, a partner buyout, or pulling equity out through a cash-out. We lend across property types on terms up to 24 to 36 months, with loans up to $10M.

Our commercial bridge pricing starts around 9%, interest-only, up to roughly 75% loan-to-value, on terms up to 24 to 36 months. Published bridge pricing generally runs 8% to 12% with 1 to 3 points. Final terms depend on the asset, the business plan, and sponsor strength.

Commercial deals usually close in 2 to 4 weeks. They take a little longer than residential because of the appraisal, the rent roll and operating-statement review, and any third-party reports. We move as fast as the diligence allows and keep one point of contact on your file.

Not necessarily at closing. Bridge loans are often underwritten interest-only to the as-stabilized business plan rather than a minimum in-place DSCR, since the property is being repositioned. We do want to see a credible path to stabilization and enough in-place income or reserves to carry the loan.

Typically the purchase contract or current debt, a rent roll and trailing-12-month operating statement, your business plan and renovation budget, and sponsor financials. Larger assets may also need a property condition report and an environmental review. We will give you a clear checklist up front.

Most bridge loans are recourse with a personal guarantee, while lower-leverage non-recourse can be possible on stronger assets. Cash-out is available when there is equity to support it. We structure recourse and leverage around the specific deal.