Bridging Loans
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Bridging Loans
A bridging loan is a short-term secured loan, meaning there must be an asset to set it against. That asset will usually be a property, or multiple properties. They are designed to bridge a gap between money coming in and it going out. Meaning you can commit to purchasing a second property before completing the sale of the first.
Note that if you find you cannot repay the loan, you risk losing the asset secured against it.
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