A short-term loan that provides funding until a longer-term loan can be secured is called a(n)

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A bridge loan is a type of short-term loan that is meant to provide financing until a longer-term loan can be obtained. It is typically used in real estate transactions, where a borrower needs funding to purchase a new property before the sale of their existing property is complete. A gap loan and a straddle loan are not common financial terms, and an amortized loan refers to a loan with regular payments that pay off both interest and principal.

A Short-Term Loan That Provides Funding Until a Longer-Term Loan