Tracker ● Phase B · scaffolded
Bridge-Spread-Over-SOFR Tracker
Median bridge spread over 1M SOFR, by LTC bucket. Updated weekly from anonymized operator LOI submissions.
Phase B
Live data ingest begins with Phase B's pipeline. This page shows the methodology and the most recent operator-grade reading on file.
Most recent reading
SOFR+487bps
As of 15 May 2026 · n=47 term sheets · weekly
Coverage that informs this tracker
- spreads May 15, 2026
How the August SOFR Pop Reset 2026 Bridge Spreads
The August 2025 SOFR spike wasn't a blip — it repriced short-term multifamily bridge debt for the better part of a year. Here's what the term sheets look like now and where the hidden costs live.
- real rate sheet May 15, 2026
The Real Rate Sheet — Week of May 12, 2026
Six to ten anonymized bridge quotes from this week's market, with spreads, points, prepay structures, and what the gap between quoted and executable actually looks like right now.
Submit your LOI
The data is only as honest as operator submissions.
Anonymized LOI submissions become the spread tracker, draw-friction index, and take-out failure data. How we anonymize →
Submit a term sheet →