A bridge loan is a short-term loan that helps bridge the gap between two financial transactions. It is typically used to provide temporary financing until a more permanent or long-term solution is available. Full definition
If you are familiar with bridge loans for commercial or investment properties, you already know something about hard money loans. (hardmoneylendersarizona.com)
I have heard of bridge loans before, but never knew exactly what it was used for. (biggerpockets.com)
Plus, payments on bridge loans usually aren't due until a few months after you close on the loan. (smartasset.com)