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Definitions of bridge loan:

A loan that "bridges" the gap between the purchase of a new home and the sale of the borrower's current home. The borrower's current home is used as collateral and the money is used to close on the new home before the current home is sold. Some are structured so they completely pay off the old home's first mortgage at the bridge loan's closing, while others pile the new debt on top of the old. They usually run for a term of six months.
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A type of mortgage financing between the termination of one loan and the start of another loan. For example, a mortgage secured by the borrower's present home (which is usually up for sale) in a manner that allows the proceeds to be used for closing on a new house before the present home is sold. Also known as a "swing loan."
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A form of second trust that is collateralized by the borrower's present home (which is usually for sale) in a manner that allows the proceeds to be used for closing on a new house before the present home is sold. Also known as "swing loan."
www.lowpayment.com/mortgage-glossary.html
A second trust that is collateralized by the borrower's present home allowing the proceeds to be used to close on a new house before the present home is sold. Also known as "swing loan." Broker An individual in the business of assisting in arranging funding or negotiating contracts for a client but who does not loan the money himself. Brokers usually charge a fee or receive a commission for their services.
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A loan to "bridge" the gap between the termination of one mortgage and the beginning of another, such as when a borrower purchases a new home before receiving cash proceeds from the sale of a prior home. Also known as a swing loan.
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A short-term loan used to provide funds to close on another residential property when the current property has not yet closed.
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An interim loan typically used when the buyer is unable to sell his/her house but needs money to close the transaction on the house he/she is buying. The bridge loan is made on the buyers current residence to finance the buyers new residence. The loan is paid off when the buyers current residence is sold.
www.financeandimprove.com/glossary.html
A loan, usually short term, that finances the portion of the purchase price not provided by the mortgage loan and the down payment. A bridge loan is commonly used when a purchaser has not sold his existing home before he closes on his purchase of a new home. The bridge loan is paid off when the old home is sold, out of the proceeds of that sale.
www.daytonabeachfloridausa.com/real-estate-terms.html
A temporary, single-payment loan used by creditors to abridge the time period between the retirement of one loan and the issuance of another. An example is a loan used for the down payment on a new real estate purchase.
www.extension.iastate.edu/agdm/wholefarm/html/c3-05.html
a kind of short-term financing that allows a company to continue running until it can arrange longer-term financing. Companies sometimes seek this because they run out of cash before they receive long-term funding; sometimes they do so to strengthen their balance sheet in the run up to flotation.
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A short term loan to cover the immediate cash requirements until permanent financing is received.
strategis.ic.gc.ca/epic/internet/insof-sdf.nsf/en/so03147e.html
Financing that "bridges" the period between the end of one loan and the beginning of another.
www.ed-terri.com/real_estate_glossary_florida.htm
An equity loan secured to solve short-term financing problem.
www.canadahome.ca/homeguide/mglossary.htm
A deferment of tuition and fees awarded to students with a complete financial aid packet or who are waiting on student loan funds that have already been awarded.
finaid.tjc.edu/glossary.htm
Bridge loans are loans intended to be used for a short period time between the initial requirement for funds and a permanent, usually less costly, financial solution. Bridge loans are typically funded by collateralized real estate. There are typically very few limitations on the uses of funds for a bridge loan, although lenders will review the use to insure that payback can be met.
www.homesfornh.com/new-hampshire-mortgage/mortgage-glossary-ac.html
A loan, usually a second mortgage, that is collateralized by the borrower's present home (that is usually for sale).
www.megamortgage.net/glossary/b.html
A short-term mortgage made until a longer-term loan can be made; it's sometimes used when a person needs money to build or purchase a home before the present one has been sold.
www.denver-metro-real-estate.com/glossary.htm
A short-term loan that is used just until a person or company can secure permanent financing.
www.fraudsandscams.com/glossary_b.htm
A second mortgage whose exclusive purpose is to pull equity from a current primary residence that is scheduled to be sold, to be used as cash to close for a new primary residence. Bridge financing is used when a homeowner is selling their home and buying their new home, but have not yet sold their soon-to-be former residence. It is considered a short-term financing solution.
www.ihomeloaninfo.com/glossary.htm
Sometimes called a "swing loan", a bridge loan is generally a loan that is secured by a borrower's current residence to obtain the funds needed to purchase a new home if the current residence will not be sold prior to the purchase of a new home.
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A short-term loan in effect from the end of one loan to the beginning of another loan, or prior to permanent financing.
www.homeloansnationwide.net/mortgageglossary.html
A loan, normally short term, used by an owner to purchase real estate pending the sale of another property. Normally, the loan is repaid from the owner's equity if and when the previous property sells.
www.kirkhomes.com/service_center/glossary_b.cfm
A loan used (usually) to finance the down payment on a new home before the previous property is sold. Previously commonly available, bridge loans are hard to find and are expensive.
www.jericholoans.com/glossary.asp
A loan that bridges the gap between two other loans, usually for a short term. (See swing loan)
www.gloriabryant.com/glossary.aspx
A loan made on a new home prior to the pay-off of the existing homes mortgage, to help the borrower move into a new home prior to selling the old home.
www.albqhomes.com/terms.htm
A bridge loan is a type of short-term loan in the financial industry. Bridge loans are typically taken out for a period of 2 weeks to 3 years in order to finance other projects. Uses for bridge loans include real estate purchases, retrieving real estate from foreclosure and business loans for operating capital.
en.wikipedia.org/wiki/Bridge_loan

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