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bridging loan
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bridging loan

Loan, typically for the purchase of a house, to cover the period between the purchase of a new house and the sale of the old house. Most home buyers try to avoid taking out a bridging loan, because of its very high cost, either by selling their house before they buy another or by buying and selling on the same day.
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A portion of CPC's construction loan, $400,000, serves as a bridge loan against a committed New York State Restore grant.
Community Preservation Corporation (CPC) by Real Estate Weekly
We are trying to keep the industry sound and running, protect the assets, keep production flowing with this bridge loan .
2009, a tough year for Shell in Nigeria by AFP / AFP Global Edition
Bridge Loan Basics Have you ever been stuck in between a new property and the old one, paying both mortgagesIf you have ever been stuck in between the purchase of your new home and the sale of your old home, understanding bridge loans would have been helpful Bridge Loan Basics Have you ever been stuck in between a new property and the old one, paying both mortgages.
Bridging Loans by Jeff Goodwin / Finance and Investment community
 
 
 
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