Not used much anymore,' bridge loan's are obtained by those who have not yet sold their previous property, but must close on a purchase property. The bridge loan becomes the source of their funds for the down payment. One reason for their fall from favor is that there are more and more second mortgage lenders now that will lend at a high loan to value. In addition, sellers often prefer to accept offers from buyers who have already sold their property.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). bridge loan. Retrieved September 24, 2026, from http://smartdefine.org/bridge_loan/definitions/1148969 |
| Chicago | Barry Goldsmith. 2010. "bridge loan" http://smartdefine.org/bridge_loan/definitions/1148969 (accessed September 24, 2026). |
| Harvard | Barry Goldsmith 2010, bridge loan, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/bridge_loan/definitions/1148969>. |
| MLA | Barry Goldsmith. "bridge loan" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/bridge_loan/definitions/1148969> |