Finance
What is a 'bridge loan' in Delaware real estate?
AA loan for constructing bridges on properties
BA short-term loan used to 'bridge' a financing gap while the borrower arranges permanent financing or sells an existing property✓ Correct
CA loan guaranteed by the Federal Home Loan Bank
DA loan used to purchase commercial property with multiple tenants
Explanation
A bridge loan is a short-term interim financing tool that allows a borrower to meet immediate financial needs (such as purchasing a new home before selling the current one) while awaiting longer-term financing.
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