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Anytime a party requires short-term financing to secure a property or finance a business prior to the placement of long-term funding, that requirement is known as a “bridge loan” or bridge financing.
Bridge financing is a form of interim loan, generally made between a short term loan and a long term loan, when the borrower needs to have more time before taking on long term financing
Capital Sources Group can provide secured “Bridge Financing” for both acquisitions and construction projects. Depending on the circumstances and needs, bridge loans are usually 90 – 180 day durations with a permanent loan as an exit strategy.
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