Finance
What is a 'bridge loan' commonly used for in South Carolina real estate transactions?
AFinancing the construction of a bridge on a property
BShort-term financing to bridge the gap between buying a new home and selling the old one✓ Correct
CA loan program for properties near waterways
DLong-term financing for commercial bridge properties
Explanation
A bridge loan provides short-term financing to allow a homeowner to purchase a new property before their current home sells, 'bridging' the financial gap between the two transactions.
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