Bridge Loan
Bridge Loan
Definition: A form of interim loan, generally made between a short-term loan and a permanent (long-term) loan, when the borrower needs to have more time before taking the long-term financing. For this survey, this is not a mortgage.
Definition: A form of interim loan, generally made between a short-term loan and a permanent (long-term) loan, when the borrower needs to have more time before taking the long-term financing. For this survey, this is not a mortgage.