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词汇 bridge-loan
释义 bridge loan
noun[ C ]
USus/ˈbrɪdʒ ˌloʊn/uk /ˈbrɪdʒ ˌləʊn/(UKbridging loan)
an arrangement by which a bank lends a person some money for a short time until that person can get the money from somewhere else, often so that they can buy another house before they sell their own
SMART Vocabulary: related words and phrases

Borrowing & lending
amortizable
amortization
amortize
bond measure
bond referendum
bonded
credit limit
debt
get behind
hole
lending rate
microcredit
microloan
non-current
non-interest
non-prime
outstanding
use something as collateral
usury
write something off

bridge loan | Business English


bridge loan
noun[ C ]
ukus(UK usuallybridging loan)
FINANCE
an arrangement by which a bank, etc. lends a company or person some money for a short time until that person can get the money from somewhere else:
If you're buying a new house you may need a bridging loan until you sell your old one.
The cash for the payment to shareholders will come from a bridge loan from a major bank.

Examples of bridge loan


bridge loan
A bridgeloan is similar to and overlaps with a hard money loan.
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Money from the new financing is generally used to take out (i.e. to pay back) the bridgeloan, as well as other capitalization needs.
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The deal structure included a $5 million secured bridgeloan.
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The company sought a bridgeloan of $7 billion.
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Hard money is similar to a bridgeloan, which usually has similar criteria for lending as well as cost to the borrowers.
From
Wikipedia

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Bridge loans may be used as temporary financing pending a longer-term loan.
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Bridge loans are easy to qualify for as long as there is equity remaining in the property sufficient to cover the commercial lender's risk capital.
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Bridge loans are typically more expensive than conventional financing, to compensate for the additional risk.
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Commercial lenders specialize in hard money and bridge loans, often those that close quickly, in as little as two weeks.
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They lend short-term capital (also called bridge loans) that provide funding based on the value of the real estate acting as collateral.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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