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AFC Bridge Loan Report: Q3 2026

Key findings

Since 2024, AFC has funded 89 bridge loans totaling $38.2 million from its own fund. Buy-before-you-sell bridges had a median loan of $422,000 and were paid off a median of 59 days after funding (middle half: 43 to 78 days, across 37 paid-off loans). There have been 0 defaults and 0 extensions on these loans to date.

  • About 93% of owner-occupied bridges were tied to a purchase closing
  • Loan sizes to date: $65,000 to $1.19 million
  • Source: AFC CRM loan records, as of September 2026

Reviewed by Gaetano Ciambriello, NMLS #1783508 · Updated September 2026

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The Numbers

89
Bridge loans funded since 2024
$38.2M
Total funded since 2024
$422K
Median buy-before-you-sell bridge
59 days
Median funding to payoff (BBYS)
43–78
Middle half of payoffs, in days
0
Defaults to date (BBYS)
0
Extensions to date (BBYS)
~93%
Owner-occupied bridges tied to a purchase closing

BBYS = buy-before-you-sell. Timing figures are based on 37 paid-off buy-before-you-sell bridges.

How Long Buy-Before-You-Sell Bridges Stayed Open

Days from funding to payoff, 37 paid-off buy-before-you-sell bridge loans:

Read it this way: a quarter of these bridges were paid off within 43 days, half within 59 days, and three quarters within 78 days. The 12-month term covers sales that run longer.

Methodology

How we calculated these figures

  • Source: AFC's CRM loan records for bridge loans funded by the AFC Credit Partners fund.
  • Period: loans funded since 2024, as of September 2026.
  • Counts and totals: 89 bridge loans and $38.2 million include all bridge loans funded in the period.
  • Buy-before-you-sell subset: owner-occupied bridges used to buy a new home before selling the current one. Median loan size is across this subset.
  • Days to payoff: calendar days from the bridge funding date to the payoff date, for the 37 buy-before-you-sell bridges that have been paid off. Loans still open are excluded. Because these bridges are usually repaid from the sale of the departing home, days to payoff is our proxy for how long the sale took.
  • Medians, not averages: a few very fast or slow sales don't move a median much. The middle half is the 25th to 75th percentile range.
  • Purchase share: about 93% of owner-occupied bridges were tied to a purchase closing.
  • Defaults and extensions: 0 and 0 to date on buy-before-you-sell bridges.

Past results do not predict any individual outcome. Your timeline depends on your home's price, condition and market.

What This Means for Buyers

  • Plan for about two months, and budget for more. Half of paid-off buy-before-you-sell bridges were repaid between 43 and 78 days after funding.
  • You pay for the time you use. Interest is 1% per month on the amount borrowed, accrues, and is paid at payoff. There's no prepayment penalty or minimum interest. A $200,000 bridge repaid in month 4 costs $5,000 origination + $8,000 interest + $3,250 fees = $16,250.
  • The term has room. A 12-month term sits well beyond the typical payoff window, and there have been 0 extensions to date.
  • Most bridges are used to buy first. About 93% of owner-occupied bridges were tied to a purchase closing, which is how buyers replace a home sale contingency or a Hubbard clause.
  • Speed after approval. Bridges can fund as soon as 7 business days after approval.

Examples from the fund

  • A $153,000 bridge on a $1.45 million purchase, paid off in 29 days.
  • A $112,000 bridge paid off in 16 days.
  • A Westport, MA homeowner moving to Tennessee: $390,000 bridge funded 7 business days after approval.

Representative example: a $250,000 bridge loan held the full 12-month term has a 2.5% origination fee ($6,250), $3,250 in attorney, processing and wire fees, and $30,000 of interest at 1% per month, for a total cost of credit of $39,500 and an APR of about 16.4%. Paying off early costs less; there is no prepayment penalty and no minimum interest.

Most Connecticut bridge lenders you'll find are investor-only. AFC funds owner-occupied bridge loans from its own fund. Related: Bridge loans in Connecticut · Hubbard clause · Buy before you sell programs in Connecticut · Bridge loan calculator

Bridge Loan Report FAQ

How long does it take to pay off a bridge loan?
Across 37 paid-off buy-before-you-sell bridges at AFC, the median was 59 days from funding to payoff, and the middle half were paid off between 43 and 78 days. The loan term is 12 months, so there is room if a sale takes longer.
Have any AFC bridge loans defaulted?
No. As of September 2026, AFC has recorded 0 defaults and 0 extensions on its buy-before-you-sell bridge loans.
How big is a typical buy before you sell bridge loan?
The median buy-before-you-sell bridge at AFC was $422,000. Bridge loans to date have ranged from $65,000 to $1.19 million.
Where does this data come from?
From AFC's own loan records in its CRM, covering bridge loans funded since 2024, as of September 2026. Days to payoff is measured from funding to payoff and is used as a proxy for how long the departing home took to sell and close.

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AFC Mortgage Group, LLC · NMLS #2801 (NMLS Consumer Access) · Equal Housing Lender · Licensed in AL, CA, CT, FL, GA, MA, NH, NJ, NY, NC, SC, OH, RI, VT, PA, TN, TX. This site is not approved by the New York Department of Financial Services. Not a commitment to lend; all loans subject to credit and collateral approval. Nothing on this page is legal advice.

Bridge Loan Disclosures — AFC Mortgage Group, LLC

AFC Mortgage Group, LLC offers short-term bridge loans secured by a recorded lien on real estate (your current home, the new property, or both). These are secured real-estate loans — not unsecured personal or consumer loans.

No Prepayment Penalty & No Minimum Interest

There is no prepayment penalty and no minimum interest. Interest is charged only for the time your loan is actually outstanding — pay it off early and you only pay interest for the days you used the money.

Representative Example

A bridge loan of $250,000 with a 12-month term: interest accrues at 1% per month (12% annually) and is paid at payoff rather than monthly; a 2.5% origination fee ($6,250) plus approximately $3,250 in attorney, processing, and wire fees are charged at closing. Held the full 12 months, that equals an Annual Percentage Rate (APR) of approximately 16.4% — total interest of $30,000 and total cost of credit of approximately $39,500, plus repayment of the $250,000 principal at maturity (balloon). Because there is no prepayment penalty or minimum interest, paying off earlier costs less — e.g., a payoff at 6 months accrues roughly $15,000 in interest instead of $30,000.

Most bridge loans are paid off within a few months: on the same $250,000 loan paid off at 3 months, total interest is approximately $7,500, for a total cost of credit of roughly $17,000 (the $6,250 origination and $3,250 in fees are unchanged) — less than half the full-term figure. The approximately 16.4% APR above is calculated on the required 12-month basis; your actual cost depends on how long the loan remains outstanding.

Terms at a Glance

AFC Mortgage Group, LLC — licensed mortgage lender. NMLS #2801, licensed in CT, MA, RI, NH, VT, NJ and 11 other states. Equal Housing Opportunity. Rates, terms, and fees are examples only and vary by loan size, LTV, credit, and market conditions. Not a commitment to lend; all loans subject to credit and collateral approval.