bridge loan

noun

Definition of bridge loan

: 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 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 That $35 million bridge loan will eventually convert to equity, before the completion of Series B financing some time in 2022, said Karp, a former hedge fund manager. Robin D. Schatz, Forbes, 22 Sep. 2021 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'bridge loan.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of bridge loan

1973, in the meaning defined above

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Time Traveler for bridge loan

Time Traveler

The first known use of bridge loan was in 1973

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Dictionary Entries Near bridge loan

bridge line

bridge loan

bridge lock

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Statistics for bridge loan

Last Updated

3 Jun 2022

Cite this Entry

“Bridge loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/bridge%20loan. Accessed 29 Jun. 2022.

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More Definitions for bridge loan

bridge loan

Legal Definition of bridge loan

— see loan

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