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Bridge loan – Wikipedia – Real estate. Bridge loans are often used for commercial real estate purchases to quickly close on a property, retrieve real estate from foreclosure, or take advantage of a short-term opportunity in order to secure long-term financing.
Greystone Provides $36.4 Million Bridge Loan for Acquisition of 384-Unit Multifamily Property in Texas – NEW YORK, Dec. 14, 2017 (GLOBE NEWSWIRE) — Greystone, a real estate lending, investment and advisory company, today announced it has provided a $36,400,000 bridge loan for the acquisition of Parkside.
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Bridge Loans – Commercial Real Estate & Apartments Loans. – A bridge loan is when an individual or a corporation uses the equity in their current property to take out a short-term loan to finance the purchase of a new property.
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Bridge Loan Definition – Investopedia – Although rare, bridge loans sometimes pop up in the real estate industry. If a buyer has a lag between the purchase of one property and the sale of another property, they may turn to a bridge loan.
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