Bridge Loan in BC:
Don't Let Timing Kill Your Deal
BC private bridge loans close the gap between buying and selling, completing construction, or settling an estate. Where banks require a firm sale, private lenders work with your equity. Fund in days, not weeks.
When BC Borrowers Need Bridge Financing
Bridge loans solve timing problems that conventional financing can't handle. The most common situations in BC's real estate market include buying before your existing home sells, completing a construction project that ran over budget, settling a probate estate, or bridging a development project to its next financing milestone.
Buy Before You Sell
Found your next home but your current one isn't sold yet. Private bridge loans don't require a firm sale agreement.
Construction Completion
Your build is 70–90% complete but construction financing is exhausted. Bridge to completion and sale.
Probate & Estate Settlement
Inherited property needs to be liquidated but probate takes months. Bridge provides immediate liquidity.
Development Milestones
Bridge between development phases, rezoning approvals, or presale thresholds before conventional financing kicks in.
2026 BC Bridge Loan Rates by Scenario
Indicative rates based on current BC private lending market conditions. Actual rates depend on LTV, property type, and exit strategy clarity.
| Bridge Type | Rate Range | Max LTV | Typical Term | Lender Fee |
|---|---|---|---|---|
| Residential bridge (buy before sell) | 7.99–10.49% | Up to 75% | 30–180 days | 1–2% |
| Construction completion bridge | 9.99–12.49% | Up to 70% | 3–12 months | 1.5–2.5% |
| Probate / estate bridge | 10.0–12.0% | Up to 70% | 6–12 months | 1–2% |
| Commercial-to-residential bridge | 10.49–12.99% | Up to 65% | 6–18 months | 2–3% |
| Land / development bridge | 11.49–13.99% | Up to 55% | 6–24 months | 2–3% |
Rates are indicative only. Not financial advice.
BC Bridge Loan Scenarios
Representative borrower profiles based on common BC private bridge lending situations.
James — Buy Before You Sell, Vancouver
Situation: James found his ideal home in East Vancouver. His existing home in Burnaby hasn't sold yet. His bank won't approve a bridge loan because his Burnaby home is listed but not sold.
Outcome: A private bridge loan at 8.99% covered the down payment gap for 90 days while his Burnaby home sold. James closed on his new home without losing the deal.
Linda — Probate Property, Victoria
Situation: Linda inherited a Victoria property through probate. The estate needs to be settled quickly but the probate process will take 4–6 months. She needs to pay out other beneficiaries now.
Outcome: A private bridge loan secured against the inherited property provided the liquidity to settle the estate. The loan was repaid from the eventual sale proceeds.
Marcus — Construction Completion, Kelowna
Situation: Marcus's Kelowna construction project ran over budget by $180K. His bank construction loan is maxed out and the project is 85% complete. He needs capital to finish and sell.
Outcome: A private bridge loan at 11.5% provided the completion capital. The finished property sold for $220K above the total loan balance, repaying the bridge and generating profit.
Chen — Commercial to Residential Conversion, Surrey
Situation: Chen is converting a Surrey commercial property to residential strata units. The conversion is 70% complete but his construction financing ran out. Banks won't lend on the transitional property.
Outcome: A private bridge at 12% secured against the partially-completed property funded the final construction phase. The completed strata units sold within 60 days of registration.
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Frequently Asked Questions
What is a bridge loan in BC?
A bridge loan is a short-term loan that 'bridges' a gap between two financial events — most commonly buying a new property before your existing one sells. In BC, private lenders are the primary source of bridge financing because banks have strict conditions (usually requiring a firm sale on your existing property) that many borrowers can't meet.
How much does a bridge loan cost in BC?
BC private bridge loans in May 2026 typically cost 7.99–13.99% annually depending on the scenario, plus a lender fee of 1–3% and broker fee of 1–2%. On a $300K bridge loan at 9.49% for 90 days, your total cost is approximately $7,118 in interest plus $6,000–$9,000 in fees — roughly $13,000–$16,000 total for 3 months of capital.
How fast can I get a bridge loan in BC?
BC private bridge loans can fund in as little as 3–7 business days for straightforward residential buy-before-sell scenarios. Complex files (construction, probate, commercial) typically take 1–2 weeks. Speed is the primary advantage of private bridge financing over institutional alternatives.
Do I need a firm sale to get a bridge loan in BC?
Banks typically require a firm sale agreement on your existing property before approving a bridge loan. BC private lenders are more flexible — many will bridge against an unlisted or listed-but-not-sold property, provided there is sufficient equity. The lender's risk is mitigated by the equity cushion, not the sale timeline.
What's the maximum LTV for a BC bridge loan?
Most BC private lenders will bridge up to 75% LTV on residential properties in strong markets (Metro Vancouver, Victoria, Kelowna). Construction and development bridges are typically capped at 65–70% due to higher risk. The combined LTV across all properties involved in the bridge is the key metric lenders evaluate.
Don't Let Timing Kill Your Deal
Tell us about your bridge scenario. We'll surface BC private lenders in our directory who specialize in bridge financing — most files get a conditional approval within 24 hours.
BCPrivateLoans.ca is a mortgage information and referral directory. We do not provide mortgage advice or act as a mortgage broker. Always consult a licensed mortgage professional before making borrowing decisions.