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Bridge loan – Wikipedia – A construction loan would then be obtained to take out the bridge loan and fund completion of the project. [6] A consumer is purchasing a new residence and plans to make a down payment with the proceeds from the sale of a currently owned home.

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The Differences Between Bridge & New Construction Loans. – Bridge vs. New Construction is a comparison of two types of hard money loans that both serve real estate investors and developers. Both loan programs function as financing tools to acquire a piece of land or structure for investment purposes.