FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RBbCFtSgYl1mKuI8SNcMtPO
Label Bridge Loan
Preferred Label Gap Financing
Identifier N/A
Alternative Labels
Interim Loan Short-Term Financing

Definition

A Bridge Loan is a short-term financing option used to bridge the gap between the purchase of a new asset and the sale of an existing one. Typically utilized in real estate transactions, bridge loans provide immediate cash flow for the borrower until permanent financing can be arranged or the existing asset is sold.

Class Relationships

Is Defined By

N/A

See Also

None

Parent Class Of 0

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Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

No

Source and Origin

No source or origin information available