bridge loan


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bridge loan

n.
A short-term loan meant to provide or extend financing until a more permanent arrangement is made. Also called swing loan.

bridge′ loan`


n.
a short-term loan used for interim or emergency financing, as between selling a house and buying another. Also called swing loan.
References in periodicals archive ?
3,350,000 bridge loan secured by a triple net retail building in Queens.
Governor Rick Scott activated the Florida Small Business Emergency Bridge Loan Program to support small businesses impacted by Hurricane Irma.
As the home purchase market continues to heat up in many US markets, repeat buyers are increasingly looking to a bridge loan as a way to manage the logistics and costs of buying a home before selling their current one.
3bn) loan agreement with a group of local banks to refinance an upcoming bridge loan maturity and fund the development of hotels and shops in Makkah.
Six banks have joined a bridge loan to back MetLife, Inc's (MET.
Mechel OAO (NYSE:MTL), a Russia-based metal mining company, has announced a two month extension to a bridge loan.
AGEA raised $4 million in bridge financing in 2000, but when the market went south, the terms of the bridge loan gave its providers extremely attractive terms for taking a stake in the company.
Since June, when the bridge loan was arranged, the state's attempts at a grand political settlement to bring major private-sector utilities back to full financial health stalled, and the governor, the state Legislature, the PUC and the DWR began squabbling.
A bridge loan is used as a temporary means to carry a company during its start-up phase or until long-term funds such as grants or other loans can be secured.
Second, a subsequent securities offering, publicly underwritten or privately placed by the investment banker (or an affiliate), is used to repay the bridge loan as quickly as is practical.
NEW YORK -- Greystone, a leading national provider of multifamily and commercial mortgage loans, today announced the launch of the firm's healthcare bridge loan service.
11,500,000 bridge loan secured by a 5-story, 30,000 SF, multifamily elevator building in downtown Brooklyn.