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bridge loan

   Also found in: Financial, Wikipedia, Hutchinson 0.04 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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A $750,000 bridge loan for a vacant 4 story mixed use building to be converted to new 16 unit apartment building with retail, in Williamsburgh, Brooklyn.
For the month of September, Greystone Servicing Corporation had one of its most impressive monthly bridge loan totals, driven by closings in California, Nevada, and North Carolina, and particularly targeted in the area of skilled nursing facilities.
25 million bridge loan for New York City developer, Sleepy Hudson LLC, to fund the acquisition of two contiguous parcels of land to be developed into a luxury residential condominium tower in the Tribeca neighborhood.
 
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