Term: Bridge Loan 

A short-term financing option that a borrower utilizes to bridge the gap between one event (either a purchase or a refinance) to the next (either a further refinance or the sale of the property). 

Resources relating to Bridge Loan:

Comparing CLTA and the ALTA Standard and Expanded Coverages in Loan Title Policies and the Practicalities in Closing on Time

Written by Matthew B. Gunter, Esq., Attorney, Lightning Docs Obtaining robust and extensive title insurance coverage is the most desirable outcome in most cases.  But what happens when you’ve been …

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What You Need to Know about Consumer Bridge Loans

Many hard money lenders who make primarily business-purpose loans consider consumer bridge loans as a path to diversify their business while still avoiding some of the most restrictive consumer loan …

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