Key takeaways
- Built for speed and short timelines.
- Costs are higher than traditional mortgages.
- Always have a clear exit and a backup plan.
Best for
Investors with a clear exit plan.
How it works
Short-term loans used to purchase or renovate a property, then repaid through a sale or refinance. They often close faster than traditional loans but cost more.
Have an exit
Know exactly how you'll repay — sale timeline, refinance plan, and a backup if the market shifts.
Pros and cons
Advantages
- Speed
- Funding for properties traditional lenders avoid
Things to weigh
- Higher costs
- Short timelines add pressure
Frequently asked questions
How long do bridge loans last?
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Typically months to a few years, depending on the lender and project.
What do lenders look at?
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The property, your plan and budget, your experience, and your exit strategy.
This guide is general educational information, not financial, legal, or tax advice. Terms, requirements, and availability vary by lender and your situation.