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Bridge loan

• Is a type of temporary financing which is extended until permanent financing is secured. At that time, funds from the new permanent financing are used to pay off the bridge loan. Sometimes, investment banks have arranged, if not granted, bridge loans in order to participate in a syndicate mandated to raise long-term or permanent financing.

 
 

Follow this link for all the terms related to loan.

 
 Embedded terms in definition
 Investment bank
Order
Permanent financing
Secured
Syndicate
Temporary financing
Time
Type
 
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