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Bridge loans are used by commercial real estate owners to ‘bridge’ the gap between the moment they get the loan and the moment they begin improvements, a lease-up plan, or refinancing of the property. NorthMarq’s Patrick Minea and Jeffrey Erxleben discuss this popular type of short-term financing and the benefits it offers borrowers and lenders.
Bridge loans are used by commercial real estate owners to ‘bridge’ the gap between the moment they get the loan and the moment they begin improvements, a lease-up plan, or refinancing of the property. NorthMarq’s Patrick Minea and Jeffrey Erxleben discuss this popular type of short-term financing and the benefits it offers borrowers and lenders.