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bridge loan
noun
: a short-term loan used to finance an enterprise, investment, or government pending the receipt of other funds
Examples of bridge loan in a Sentence
Recent Examples on the Web
The landlord, specializing in health care facilities, initially provided Steward with a $60 million bridge loan in January.
—Bruce Gil, Quartz, 6 May 2024
The refinance, which is known in the industry as a bridge loan, replaces the initial $114 million construction loan that U.S. Bank provided to enable the construction of Station 16, which is part of the Gateway at Millbrae mixed-use development next to the BART station.
—George Avalos, The Mercury News, 23 Apr. 2024
However, there’s a complicating factor with Arizona: The $31.6 million bridge loan to athletics.
—Jon Wilner, The Mercury News, 17 Apr. 2024
It was intended to be a bridge loan, giving Jolaoso one year to secure financing from another source, according to loan documents.
—Thomas Gounley, The Denver Post, 13 Feb. 2024
Credit funds, small business lenders and ERC processing firms are all offering bridge loans and cash advances to small businesses waiting for their refunds.
—WSJ, 10 Jan. 2024
Officially, the two $3 billion bridge loans come due on October 27, the closing’s one year anniversary.
—Shawn Tully, Fortune, 4 Oct. 2023
Theories subsequently were bandied about, often revolving around one of the banks underwriting the Twitter deal, Morgan Stanley for example, giving Musk a bridge loan in order to secure fees and bonuses linked to the successful completion of the purchase.
—Bychristiaan Hetzner, Fortune, 6 Sep. 2023
Due to its fragile position, X couldn’t repay or refinance the bridge loans.
—Shawn Tully, Fortune, 4 Oct. 2023
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'bridge loan.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
1973, in the meaning defined above
Dictionary Entries Near bridge loan
Cite this Entry
“Bridge loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/bridge%20loan. Accessed 28 May. 2024.
Legal Definition
bridge loan
see loan
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