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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
References in periodicals archive ?
M2 EQUITYBITES-July 24, 2019-Atlantic Petroleum announces signing of DKK5m bridge loan facility and standstill agreements
Global Banking News-July 24, 2019-Atlantic Petroleum announces signing of DKK5m bridge loan facility and standstill agreements
NORDIC BUSINESS REPORT-July 24, 2019-Atlantic Petroleum announces signing of DKK5m bridge loan facility and standstill agreements
BANKING AND CREDIT NEWS-July 10, 2019-QuickLiquidity closes USD 600,000 first mortgage bridge loan
Commercial mortgage banking firm Progress Capital recently approved a $2.3 million bridge loan for 350 Pavonia Group to acquire a vacant gas station site in Jersey City.Commercial mortgage banking firm Progress Capital recently approved a $2.3 million bridge loan for 350 Pavonia Group to acquire a vacant gas station site in Jersey City.
* A $7,800,000 bridge loan collateralized by a first mortgage on a package of nine multi-family properties located on Regent Place, Bedford Avenue, East 18th Street, East 21st Street and East 22nd Streets in Brooklyn, NY.
US-based real estate lending, investment and advisory company Greystone has provided a USD 17.25m bridge loan to finance the acquisition of The Pavilions at Monterey in Palm Bay, Florida, the company said.
Earlier last week left-wing ABV party, which had a minister in the government but quit the cabinet in May, called into question the visit, along with the bridge loan which BEH signed with three banks in order to secure the repayment of debt to local power units of US-based AES Corporation and Contour Global.
Application materials and step-by-step instructions to apply for a bridge loan at a rate of prime plus 2 percent are available, as are training on cash-flow projections and one-on-one consultations for staff to develop and improve cash-flow worksheets.
The European Commission is proposing to give a 7 billion euro ($7.7 billion) bridge loan to Greece to cover the country's financing needs in July using the European Financial Stability Mechanism (EFSM), according to document from the EU executive.
M2 PHARMA-April 7, 2015-InoLife Technologies enters into USD48,000 bridge loan financing with Lewis Family Group Fund