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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 $750,000 bridge loan for a vacant 4 story mixed use building to be converted to new 16 unit apartment building with retail, in Williamsburgh, Brooklyn.
JG Capital, LLC by Real Estate Weekly
For the month of September, Greystone Servicing Corporation had one of its most impressive monthly bridge loan totals, driven by closings in California, Nevada, and North Carolina, and particularly targeted in the area of skilled nursing facilities.
Greystone Servicing Corporation Closes on $82 Million Seniors ... by Business Wire
25 million bridge loan for New York City developer, Sleepy Hudson LLC, to fund the acquisition of two contiguous parcels of land to be developed into a luxury residential condominium tower in the Tribeca neighborhood.
Partners reach right comfort level to back luxury Tribeca condo plan by Real Estate Weekly
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