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bridge loan
(redirected from Swing loan)

   Also found in: Financial, Wikipedia 0.01 sec.
bridge loan
n.
A short-term loan intended to provide or extend financing until a more permanent arrangement is made.


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If there is sufficient equity, the swing loan can be structured to capitalize the interest for a period of time.
Terms like swing loans with balloon payments and seller participation became part of the real estate deal-making lexicon.
The credit facility provides that up to $25 million is available for letters of credit and there is a $15 million swing loan subfacility.
 
 
 
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