Finance
What is a 'bridge loan'?
AA loan used to build bridges and other infrastructure
BA short-term loan that helps a borrower 'bridge' the gap between buying a new home and selling their current home✓ Correct
CA loan connecting two parcels of land
DA government loan for public construction
Explanation
A bridge loan is a short-term financing solution that allows a homebuyer to purchase a new property before selling their current home. It is secured by the current home and is repaid when that home sells.
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