What is bridge loan?
Short-term financing (often 12–36 months, usually floating-rate and interest-only) for an existing property in transition, such as renovation, lease-up, or repositioning, that is expected to qualify for permanent debt once stabilized.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.