Bridge lending on the Grand Strand is most active in the $2 million to $12 million range, targeting multifamily value-add acquisitions in Conway, Carolina Forest, and Socastee where sponsors are underwriting interior renovation programs and repositioning 1990s to 2000s vintage communities to capture the rent growth that new permanent-resident demand is supporting. Retail strip and small mixed-use bridge deals are also executable for experienced local sponsors, though lenders require demonstrated stabilization plans given the market's seasonal cash flow patterns. Hospitality bridge financing remains available but requires borrowers to show 12 to 24 months of trailing DSTR data and a credible off-season demand thesis before most lenders will commit.

When to Use Bridge-to-Perm Loans in Myrtle Beach

Myrtle Beach's commercial real estate market, driven by tourism and hospitality, healthcare, retail trade, construction, education, creates specific scenarios where bridge-to-perm loans are the optimal financing choice:

  • Ground-up multifamily projects targeting agency permanent take-out at stabilization
  • Industrial build-to-suit with credit-tenant pre-leases supporting life company conversion
  • Value-add multifamily repositioning eliminating refinance risk during business plan execution
  • Mixed-use development converting to bank permanent upon lease-up
  • Sponsors locking rate in a rising-rate environment to protect projected exit yields
  • Institutional developers requiring certainty of execution on long-cycle projects

In the Myrtle Beach metro, bridge-to-perm loans are particularly relevant given the market's 4.1% rent growth and 2.9% job growth, which support aggressive value-add business plans and confident exit strategies.

Current Bridge-to-Perm Loan Rates in Myrtle Beach

As of 2026, bridge-to-perm loans in the Myrtle Beach market are pricing at the following levels:

  • Rate Range: Construction SOFR plus 250 to 400, Permanent locked at close
  • Loan Amount: $5M - $100M+
  • Term: Construction 24 to 36 mo plus Permanent 5 to 30 yr
  • Maximum LTV: Up to 75% LTC during construction, 70 to 75% LTV at conversion
  • Recourse: Recourse During Construction, Non-Recourse at Conversion

Rates in Myrtle Beach may vary from national averages based on local market conditions, property type, and sponsor experience. The Myrtle Beach market's 5.50%-6.25% multifamily cap rates and 6.25%-7.25% industrial cap rates influence lender pricing as they underwrite to specific debt yield and coverage targets.

Qualification Requirements

Qualifying for bridge-to-perm loans in Myrtle Beach requires demonstrating both borrower strength and property fundamentals. Key requirements include:

  • Borrower Experience: Lenders evaluate your track record with similar assets in Myrtle Beach or comparable markets
  • Net Worth & Liquidity: Most lenders require net worth equal to the loan amount and 6-12 months of debt service in liquid reserves
  • Property Performance: Clear value-add business plan with realistic renovation budgets and exit assumptions
  • Market Position: Asset location within Myrtle Beach's strongest submarkets, including Market Common, Carolina Forest, North Myrtle Beach, Murrells Inlet and Pawleys Island

Capital Sources for Bridge-to-Perm Loans in Myrtle Beach

The Myrtle Beach market offers access to a diverse set of capital sources for bridge-to-perm loans:

  • Regional Banks with Construction-to-Perm Platforms
  • Agency Forward Commitments (Fannie Mae, Freddie Mac)
  • Life Insurance Companies with Forward Commitment Programs
  • Debt Funds with Bridge-to-Agency Structures
  • National Banks

Each capital source has distinct appetites for property types, leverage levels, and borrower profiles. Working with a commercial mortgage broker who maintains relationships across all these capital sources ensures you're seeing the most competitive terms available in Myrtle Beach.

Exit Strategy Considerations

Every bridge loan in Myrtle Beach requires a clear exit strategy — typically either a permanent loan refinance or a property sale. Given the market's 4.1% rent growth and 5.50%-6.25% multifamily cap rates, well-executed value-add business plans can create significant equity value that supports attractive permanent refinancing terms or profitable dispositions.

The key risk factors for bridge loan exits in Myrtle Beach include renovation timeline delays, market rent assumptions, and the pace of lease-up. Budget conservatively and build in a 6-month cushion on your bridge term to account for unforeseen circumstances.

Myrtle Beach Market Context

Myrtle Beach is one of the fastest-growing metros on the Eastern Seaboard, driven by retiree migration, tourism infrastructure, and an expanding year-round residential base. The market offers compelling retail and hospitality investment opportunities alongside strong multifamily demand from new permanent residents.

Understanding the local market dynamics is critical for structuring the right financing. The Myrtle Beach metro's key commercial neighborhoods include Downtown Myrtle Beach, Surfside Beach, Murrells Inlet, Pawleys Island, Conway, Socastee, North Myrtle Beach, Loris, Horry County, Carolina Forest, Market Common, Grand Strand, each with distinct property characteristics and tenant demand profiles.

Get a Bridge-to-Perm Loan Quote for Myrtle Beach

CLS CRE provides bridge-to-perm loans throughout the Myrtle Beach metro area, with access to 1,000+ lenders competing for your deal. Our market expertise in Myrtle Beach commercial real estate helps you navigate the lending landscape and secure the most competitive terms available.

Related resources:

Trevor Damyan, Commercial Mortgage Broker
Trevor Damyan
Commercial Mortgage Broker, CLS CRE | CA DRE 02244836

Trevor Damyan is a commercial mortgage broker at Commercial Lending Solutions with a background in structured finance at CBRE and Marcus and Millichap Capital Corporation. He specializes in bridge loans, construction financing, SBA programs, DSCR loans, and complex capital structures for investors and developers across all 50 states.