Oliver Smith's Article in Business
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Typical Characteristics of a Bridging Loan
Bridging loans are loans that are used to provide financing in a situation where an individual or commercial property owner has an existing property that hasn't sold yet, but they have already decided on a property to purchase. These loans allow property owners to go ahead with the purchase of the new transaction. Typically either the old property or the new one or both are used as collateral.
Posted on Nov-14-2011
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