Finance
A 'bridge loan' in Hawaii real estate is typically used to:
AFinance new construction from start to finish
BProvide short-term financing to bridge the gap between buying a new home before selling the existing one✓ Correct
CFund commercial property acquisitions only
DRefinance an existing mortgage at a lower rate
Explanation
A bridge loan is short-term financing that allows a homeowner to purchase a new property before their existing home sells, 'bridging' the financial gap between the two transactions.
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