Bridging loans do not provide long-term funding and are typically utilized to “bridge” the time when buyers need to purchase a new residence but have not yet managed to sell their current home. As much as they afford clients easy access to funds these loans also have their risks and challenges. In cases where issues…
Bridging loans have become extremely popular among persons, especially those engaged in property investments or those that may require short-term financing, given that such loans can provide fast cash. However, all these benefits do come at a cost, and bridging loans are complex financial products that have their fair share of challenges that may at…