bridge loan

noun

: a short-term loan used to finance an enterprise, investment, or government pending the receipt of other funds

Examples of bridge loan in a Sentence

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Cantey asked one investor in May 2022 for an $850,000 bridge loan to finance the startup’s attendance at an industry show, prosecutors said, but used that loan and other investment money to buy himself a nearly $1.7 million house in Hyde Park. —

Quinlan Bentley, The Enquirer, 17 Dec. 2024 How much does a bridge loan cost? Bridge loans vs. traditional loans Who offers bridge loans? —

Kelsey Neubauer, CNBC, 3 Dec. 2024 Send any news, comments, harmless bees and bridge loans for Elon Musk to talk@qz.com. —

Melvin Backman, Quartz, 4 Dec. 2024 How much does a bridge loan cost? Bridge loans are usually more expensive than other forms of financing: In November 2024, interest rates on bridge loans ranged between 7% and 10%, compared to 6.81% for a conventional mortgage and 8.41% for a home equity loan. —

Kelsey Neubauer, CNBC, 3 Dec. 2024 See all Example Sentences for bridge loan