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» Bridge Loan Terms

Posted on 12/16/2004
Bridge loans (aka gap loans) are designed to 'bridge the gap' between now and long term financing. 'Now' can be a situation in which the borrower has property that is not profitable, not yet completed, or doesn't meet requirements for conventional financing. 'Now' can also be a time when the borrower's personal financial status does not meet conventional financing requirements. Hard money bridge loans for real estate provides the luxury of time to get the house in order and refinance with a long term lender at more advantageous rats.
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