Finance category
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Loan Extension Fee Calculator
Bridge and construction loans often have extension options. This calculator computes fee, rate bump, and effective cost of the extension.
Total extension cost
$50,000
Extension fee
$25,000
Rate bump cost
$25,000
How the math works
Extension cost = upfront fee + rate bump × months. Both pile onto the same asset, so double-check loan docs for covenant conditions to exercise.
If covenants (DSCR, LTV, DY) aren't met, extension right may lapse — pushing the deal to maturity default or distressed sale. Covenant compliance is the real gatekeeper, not the fee.
How to Use
- Enter loan balance.
- Enter extension fee %.
- Enter rate bump.
- Enter extension length (months).
- Read total cost of extending.
Frequently Asked Questions
Typical fees?
Bridge: 0.25%-1.00% of loan for 6-12 month extension, plus 25-100bps rate bump. Construction: 0.50%-1.00% plus 50bps rate. Fee may be structured as option exercise + renewal. Read the loan doc carefully.
Is extension automatic?
No — usually conditional on DSCR, LTV, occupancy covenants being met at time of exercise. Miss the covenant = no extension right = loan matures. That's maturity default risk.
Better to refi?
If rates are higher, extending at a modest bump may be cheaper than full refi with new origination + third-party costs. If rates lower, refi wins.
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