Definition:

A short-term loan that is used until a person or company secures permanent financing or removes an existing obligation. This financing can allow the user to meet current obligations by providing immediate cash flow. The loans are short-term and typically have high interest rates. Most bridge loans are backed by a form of collateral such as real estate.

hard money bridge loan definition

Example:

A company is doing a round of equity financing which they expect to close in six months. A bridge loan could be used to secure working capital until the round of funding goes through.

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