A bridge loan agreement is a short-term financing solution used to bridge a gap between the acquisition of a property and the sale of another property or to cover short-term liquidity needs.
This document is a multi-family bridge loan agreement, a contract between a lender and a borrower that provides short-term financing for the purchase or renovation of a multi-family property. These loans are used to bridge the gap between the acquisition of a property and the securing of permanent financing or a long-term lease agreement.
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This document is a residential bridge loan agreement, which is a type of loan agreement used in real estate transactions where a borrower needs to bridge a gap between the purchase of a new property and the sale of an existing property. The loan is secured by the borrower's existing property and the new property being purchased, and is intended to provide short-term financing until the borrower can sell their existing property or obtain permanent financing.
