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

Recent Examples on the Web Hawkins will get a loan of $10 million, and Beverly will get a bridge loan of $5 million while it is being purchased out of bankruptcy by Adventist Health’s White Memorial in Los Angeles, according to the state’s Department of Health Care Access and Information. —

Bernard J. Wolfson | Kff Health News, Los Angeles Times, 25 Aug. 2023 Now facing financial troubles, Becker made a number of poor financial decisions — securing a €4.6 million loan from a British bank against his future earnings and taking out a €1.25 million bridge loan on his home in Mallorca, Spain, with 25 percent interest. —

Marlow Stern, Rolling Stone, 7 Apr. 2023 The conglomerate plans to prepay a $500 million bridge loan due next month after some banks balked at refinancing the debt, Bloomberg News reported Wednesday citing people familiar with the discussions. —

Archana Narayanan, Fortune, 12 Feb. 2023 During that April 19 meeting, Trustee Ed Fryar of Rogers said a resolution of board approval was needed in order to get a bridge loan in place in case the economic winds shift and the bond market isn't an option months later. —

Bill Bowden, Arkansas Online, 27 June 2023 The bridge loan from Avatar Financial Group will be used to repair and improve City-View Corporate Center on West 15th Street near U.S. Highway 75 and provide capital for build-out of office space. —

Dallas News, 7 Feb. 2022 The roster includes Casper Sleep Inc., which accepted a buyout at a fire-sale price along with a costly bridge loan. —

Allison McNeely, Bloomberg.com, 19 Nov. 2021 To finance pre-production, the duo obtained a bridge loan from media finance company Sherborne Media Finance, part of which was to be used for Green’s fee. —

K.j. Yossman, Variety, 30 Jan. 2023 Citibank and Itaú Unibanco offered GeoPark a bridge loan. —

Ed Davey, Fortune, 4 Nov. 2022 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'bridge loan.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.