Finance
What is a bridge loan in Nevada real estate?
AA loan from the state to fund road construction near new developments
BA short-term loan allowing a buyer to purchase a new property before selling their existing one✓ Correct
CA loan that bridges the gap between market value and appraised value
DA construction loan that bridges two construction phases
Explanation
A bridge loan is a short-term (typically 6–12 months) loan that helps a buyer finance the purchase of a new home before their existing home is sold. Bridge loans often carry higher interest rates and fees due to their short-term nature.
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