Short-term capital to move fast
A bridge loan is short-term financing that carries you from one point to the next: buying a property before long-term financing is possible, repositioning a building, leasing up vacant space or preparing a property for sale.
Bridge lenders focus on the property and the plan, so they can close much faster than a bank and lend on properties that banks will not touch yet. Interest-only payments keep monthly costs down while the work gets done.