Bridge Loans

A bridge loan is a short-term financing option used in real estate to cover the gap between buying a new property and selling an existing one. It provides quick access to capital, allowing buyers to take advantage of opportunities or make a purchase before their current home sells. Typically lasting a few months to a year, bridge loans help with down payments or renovations while waiting for permanent financing or the sale of the current property. They usually come with higher interest rates but offer flexibility for those in transitional real estate situations.