Definition Of A Bridge Loan

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Definition of bridge loan in the Definitions.net dictionary. Meaning of bridge loan. What does bridge loan mean? Information and translations of bridge loan in the most comprehensive dictionary definitions resource on the web.

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Bridge Loan: A bridge loan is a short-term loan used until a person or company secures permanent financing or removes an existing obligation. This type of financing allows the user to meet current.

. as collateral for a bridging loan. Second charge loans are generally used for improvements.

bridge loan, n. A loan that "bridges" the gap between the purchase of a new home and the sale of the borrower’s current home. The borrower’s current home is used as collateral and the money is used to close on the new home before the current home is sold. Some are structured so they completely pay off the old home’s first mortgage at the bridge loan’s closing, while others pile the new debt on.

Bridge loans are temporary loans, secured by your existing home, that bridge the gap between the sales price of a new home and the homebuyer’s new mortgage in the event the buyer’s existing home hasn’t yet sold before closing. In other words, you’re effectively borrowing your down payment on the new home.

“Acquisition” means the acquisition by BidCo of the Target Shares pursuant to (a) a Scheme or (b) an Offer and (if applicable) a Squeeze-Out,

Agrees that the equity bridge loan Lender will have no claim on, and will not at any time, even upon an Event of Default (as defined in the Equity Bridge Loan.

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Bridge loan definition, See under bridge financing. See more.

A bridge loan is money that a bank lends you for a short time, for example so that you can buy a new house before you have sold the one you already own.

Bridge loan definition: a short-term loan that provides interim financing for the purchase of new property until. | Meaning, pronunciation, translations and examples

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