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A bridge loan is a short-term, interim financing solution designed to provide immediate cash flow or funding to bridge the gap between a current financial need and a longer-term financing solution. It is often used in real estate transactions, business operations, or other scenarios where quick access to funds is necessary.
Bridge loans are a useful financial tool for managing short-term funding gaps, but it’s important to carefully evaluate the costs, terms, and risks associated with this type of loan to ensure it aligns with your financial strategy and needs.
