Finance
A 'bridge loan' in real estate is used to:
AFinance the construction of a bridge
BProvide short-term financing to bridge the gap between buying a new home before the current home sells✓ Correct
CFund improvements to a property after purchase
DConvert a residential mortgage to commercial financing
Explanation
A bridge loan is a short-term loan that allows a borrower to purchase a new property before selling their existing one, bridging the temporary financing gap.
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