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A Comprehensive Overview of Bridge Loans4/10/2023 Short-term loan, known as "Bridging Loan" enables people "bridges the gap" between two larger financial deals. They are frequently employed in the fast-paced real estate investment industry. You can use a bridging loan for things like an emergency property purchase. You should act quickly on an opportunity, but you must wait for funds from the sale of another asset to become available. A Bridging Loan could bridge the gap between the two sales, allowing you to make the new investment before the other sale closes. Investing in preexisting assets is another possible use for bridging loans. The money might be taken out of the property's equity and put into renovations with the expectation of higher future rents or sales prices. Second-charge bridging loans are another option for getting money against a home with a mortgage.
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