bridging loan


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bridging loan

n
(Banking & Finance) a loan made to cover the period between two transactions, such as the buying of another house before the sale of the first is completed
Translations

bridging loan

[ˈbrɪdʒɪŋˌləʊn] N (Brit) (Fin) → crédito m puente

bridging loan

bridging loan

[ˈbrɪdʒɪŋˈləʊn] n (Brit) → prefinanziamento
References in periodicals archive ?
If you want to raise funds quickly on a commercial property already owned or for the purchase of a commercial property that you are looking to buy, then a commercial bridging loan could be the ideal solution for you.
What separates a bridging loan from a conventional financial product is two very important things.
BANKING AND CREDIT NEWS-September 17, 2015-Aldermore enhances bridging loan offering
Newly formed British challenger bank Aldermore on Wednesday reported that it is enhancing its bridging loan offering.
M2 EQUITYBITES-September 17, 2015-Aldermore enhances bridging loan offering
As a long term method of finance a bridging loan is expensive and should not be used for this type of financing.
Therefore using a bridging loan to buy at a property auction is a common and sensible option, but people need to check to see if they are eligible for a buy to let mortgage otherwise they may have a problem when it comes to clearing the bridging loan.
International Resource News-9 August 2010-Angel Mining extends bridging loan with Cyrus Capital(C)2010 ENPublishing - http://www.
Angel Mining PLC (Angel Mining), a mining company currently focused on Greenland, has extended its bridging loan with Cyrus Capital Partners (Cyrus Capital).
ClickPress, Mon Jul 02 2012] Over the past few years the number of people taking out bridging loans has increased dramatically with the amount of bridging lending doubling during the last 12 months alone.