Banks are commonly used to provide bridge or temporary financing to pay all or a portion of the purchase price and meet possible working capital requirements until permanent financing can be found.

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Banks offer bridge or temporary financing to help borrowers meet short-term funding needs such as paying for a portion or all of the purchase price for a property, funding working capital requirements, or any other short-term financing needs that arise. This financing is meant to be repaid once a more permanent financing solution is secured.

Banks Are Commonly Used to Provide Bridge or Temporary Financing