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Bridge loan - Definition and Overview |
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A bridge loan is a type of short-term loan in the financial industry. Bridge loans are typically taken out for a period of 2 weeks to 3 years in order to finance other projects. Uses for bridge loans include real estate purchases, retrieving real estate from foreclosure and business loans for operating capital.
See also
External links
- Bridge Loans (http://www.avatarfinancial.com), as they relate to hard money - more detailed information.
- Bridge Loan Lenders (http://www.rebuz.com/Directory/Hard%20Money%20Lenders.htm), a list of bridge loan providers.
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