0 an arrangement by which a bank lends a person some money for a short time until that person can get the money from somewhere else, often so that they can buy another house before they sell their own
1 an arrangement by which a bank, etc. lends a company or person some money for a short time until that person can get the money from somewhere else:
A bridge loan is similar to and overlaps with a hard money loan.
Money from the new financing is generally used to take out (i.e. to pay back) the bridge loan, as well as other capitalization needs.
The deal structure included a $5 million secured bridge loan.
The company sought a bridge loan of $7 billion.
Hard money is similar to a bridge loan, which usually has similar criteria for lending as well as cost to the borrowers.
Bridge loans may be used as temporary financing pending a longer-term loan.
Bridge loans are easy to qualify for as long as there is equity remaining in the property sufficient to cover the commercial lender's risk capital.
Bridge loans are typically more expensive than conventional financing, to compensate for the additional risk.
