In a Bridge Loan, the lender
A) calculates loans the entire value of the property to the borrower.
B) requires a 20 percent down payment on the value of the property.
C) calculates interest on a daily basis.
D) knows the exact payment prior to making the loan.

Question

Quizplus · Accepted Answer

Bridge loans typically calculate interest on a daily basis due to their short-term nature, designed to bridge the gap between immediate financing needs and longer-term solutions.

In a Bridge Loan, the Lender