A $2M bridge in Tampa can mean a single waterfront home on Davis Islands or a dozen rental houses spread from Riverview to Town 'n' Country. Both need speed, and both need a clear plan for what pays the bridge off.
In short: LendingStreet provides residential investor bridge loans in Tampa from $1M to $5M+, within a program range of $150,000 to $5M+, with rates from 7.99% and closings in as little as 10 days. The loans are short-term and interest-only on 1 to 8 unit property. Larger balances usually need a full valuation, and the exit is a sale or a refinance into a DSCR, blanket or jumbo DSCR loan.
Tampa sits in the middle of the price range for big Florida metros, so a seven-figure bridge here usually comes in one of two shapes. One is a high-value single property: a South Tampa, Davis Islands, Bayshore or Harbour Island home bought as a rental, or a renovated property waiting to sell. The other is a package: a group of homes, duplexes or small buildings bought together from a landlord who is exiting.
The package deals often come from owners who built portfolios a decade or more ago in Brandon, Riverview, Town 'n' Country and Carrollwood, when homes cost far less. Many of those owners want one buyer and one closing, and a bridge lets you meet that timeline while you sort out leases and repairs. The single-property deals are more common south of Kennedy Boulevard and on the islands, where one home can run well past $1M.
Large bridge requests in the Tampa area tend to fall into a few patterns:
This example is illustrative and not a quote. An investor agrees to buy twelve single-family rentals in Brandon, Riverview and Town 'n' Country for $3,100,000 with a 30-day close. A bridge loan of $2,325,000 funds 75% of the price, with an estimated interest-only payment of about $19,375 a month while leases are renewed at market.
After a year of renewals and repairs, the package appraises at $3,600,000. A blanket DSCR refinance at 70% of value is $2,520,000, which retires the bridge. Estimated principal and interest on that loan is about $17,191 a month; with taxes of $4,300 and insurance of $3,400, the total is about $24,891. Rent of $28,800 gives a DSCR of about 1.16x.
| Stage | Amount |
|---|---|
| Purchase price | $3,100,000 |
| Bridge loan (75%) | $2,325,000 |
| Estimated monthly interest-only payment | $19,375 |
| Value after renewals | $3,600,000 |
| Blanket DSCR refinance (70%) | $2,520,000 |
| Monthly rent after renewals | $28,800 |
| Exit DSCR | 1.16x |
Unlike some smaller bridge programs, a balance this size usually needs a full appraisal, and a package may need one on every property or a review of each one's value. Waterfront and flood-zone homes need extra attention: elevation certificates, flood zone, and whether the home meets current elevation rules all affect value and insurability. Plan for the valuation timeline when you set your closing date.
On a package, the lender will look at the value of each property and the total. A few strong houses do not make up for several that need major work, so be ready to show a repair plan for the weaker ones and how they fit the exit.
After the 2024 storms, many Tampa Bay homes near the water carry repair histories. Local floodplain rules can require older homes below base flood elevation to be brought into compliance if repairs or improvements cross a set share of the structure's value. That can change your budget and your exit, so ask the city or county about the address before you count on a quick refinance.
The DSCR refinance that pays off the bridge will be underwritten with full insurance and Hillsborough County taxes reset toward your purchase price, using the rents in place at the time of the refinance. Run those numbers before you buy, not after. A package can look strong on rent and still fall short once Florida wind and flood premiums are added.
If the exit is a sale instead, think about timing. Tampa's resale market tends to be busiest in late winter and spring, and listing a waterfront home during hurricane season can mean more buyer questions about insurance. Build a cushion into the bridge term so you are not forced to sell into a slow month.
Larger balances get more review, and the file reads more like a business plan than a single-house loan. Expect questions about how many properties you own and manage, your past bridge or construction loans, liquidity for reserves, and who will manage the portfolio day to day. LLC borrowers are standard, and you sign for the loan personally.
First-time buyers of a twelve-house package are not shut out, but a track record with smaller rentals, a property manager with local experience and cash reserves beyond the down payment all help. If this is your first large deal, say so up front so the structure fits.
Send the property list or address, purchase contract, rent roll, current loan payoff if any, and your exit plan through the form below, or call (877) 298-1001. Our Florida large bridge page covers Miami, Orlando and Jacksonville deals too.
Yes. Residential investor bridge loans run from $150,000 to $5M+, and larger balances are reviewed case by case.
Rates start from 7.99%. Your pricing depends on leverage, experience, the properties and the exit.
As little as 10 days on some files, but a full appraisal on a large balance or a multi-property package can add time.
Larger balances usually need a full valuation, and packages may need one per property.
Yes. A single high-value rental can exit into a jumbo DSCR loan once leased, and a package can exit into a blanket loan. Larger jumbo balances get more review and max LTV can be lower. See our Tampa jumbo DSCR page.
Yes. Bridge loans are short-term and interest-only.
Yes. Paying off a maturing bank or private loan on rental property is a common use, especially when a balloon comes due before the properties are ready for a long-term refinance. Send the payoff letter and maturity date early.
Residential investment property of 1 to 8 units. Larger apartment buildings are covered on our commercial pages.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
By clicking, you provide express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone, or email, possibly using automated technology, regarding your loan inquiry. Reply STOP to opt out. Consent is not required to obtain services. See our Privacy Policy and Terms.