Bridge Loan
type: Class
preferred label: Gap Financing
alternative label: Interim Loan
alternative label: Short-Term Financing
subclass of: R9UcujGuJ216ZiqT4I2aRge
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.