bridge loan
noun
: a short-term loan used to finance an enterprise, investment, or government pending the receipt of other funds
Example Sentences
Recent Examples on the Web But the reduction of spreads remains uncertain and bridge loan spreads are increasing. 
Adam Finkel, Forbes, 6 July 2022 Greystone’s Steven Vainer originated an $11.6 million bridge loan, featuring interest-only payments. William Thornton | Wthornton@al.com, al, 16 May 2022 Transactional funding is a bridge loan used to close and fund an investment with little to no capital needed from the originating investor. Michael Ligon, Forbes, 25 Apr. 2022 In scheduled talks with the IMF later this month, Sri Lanka will ask for a bridge loan of $3 billion, its finance minister, Ali Sabry, told Reuters. Samanth Subramanian, Quartz, 12 Apr. 2022 As Boyajian told it, the jeweler was a friend who needed a bridge loan to buy a diamond for a ring that a customer, L.A. lawyer Tom Girardi, wanted to give his wife, Erika. Los Angeles Times, 23 Mar. 2022 Ebersole said the city proposes giving the project a $1 million bridge loan, a $500,000 forgivable loan, a $100,000 grant, and a $650,000 low-interest loan that will be repaid through a tax increment financing district. Eric Heisig, cleveland, 21 Sep. 2021 The Home Swap service includes a bridge loan that covers the down payment on the new home as well as money to fix up the existing home to sell it and up to six months of mortgage payments on the old house. oregonlive, 21 Sep. 2021 The company offers financing to home buyers as a licensed mortgage lender and offers an interest-free bridge loan to cover the mortgage on the old home for up to six months. Brooke Henderson, WSJ, 21 Jan. 2021 See More
Adam Finkel, Forbes, 6 July 2022 Greystone’s Steven Vainer originated an $11.6 million bridge loan, featuring interest-only payments. William Thornton | Wthornton@al.com, al, 16 May 2022 Transactional funding is a bridge loan used to close and fund an investment with little to no capital needed from the originating investor. Michael Ligon, Forbes, 25 Apr. 2022 In scheduled talks with the IMF later this month, Sri Lanka will ask for a bridge loan of $3 billion, its finance minister, Ali Sabry, told Reuters. Samanth Subramanian, Quartz, 12 Apr. 2022 As Boyajian told it, the jeweler was a friend who needed a bridge loan to buy a diamond for a ring that a customer, L.A. lawyer Tom Girardi, wanted to give his wife, Erika. Los Angeles Times, 23 Mar. 2022 Ebersole said the city proposes giving the project a $1 million bridge loan, a $500,000 forgivable loan, a $100,000 grant, and a $650,000 low-interest loan that will be repaid through a tax increment financing district. Eric Heisig, cleveland, 21 Sep. 2021 The Home Swap service includes a bridge loan that covers the down payment on the new home as well as money to fix up the existing home to sell it and up to six months of mortgage payments on the old house. oregonlive, 21 Sep. 2021 The company offers financing to home buyers as a licensed mortgage lender and offers an interest-free bridge loan to cover the mortgage on the old home for up to six months. Brooke Henderson, WSJ, 21 Jan. 2021 See More Word History
First Known Use
1973, in the meaning defined above
Legal Definition
bridge loan
see loan