Bridge Loans are loans with a short ‘term’ that is used to 'bridge' the
gap between the need for immediate cash and future financing at a
lower interest rate. Bridge Loans are typically backed by hard money
using the real estate or other real property as collateral owned by
the borrower. Loan terms can range from several months up to 2-3 years.
Bridge Loans are also typically used to take advantage of an opportunity
for a Borrower. Bridge Loans can be used for acquisitions and refinancing.
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