Finance
A 'bridge loan' in Massachusetts real estate is used to:
AFinance construction across two separate lots
BProvide short-term financing that allows a buyer to purchase a new home before selling their existing one✓ Correct
CConnect a buyer's personal loan to a commercial mortgage
DFund the gap between a zoning change and construction permit approval
Explanation
A bridge loan is a short-term loan that bridges the financial gap between buying a new property and selling an existing one, typically secured by the borrower's current home and repaid when it sells.
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