Bridging Loans

Question 1

Open Bridge Loan

Answer 1

Most flexibility as there is no set end date for when loan is to be repaid.

Can last up to a year, sometimes longer, depending on circumstances.

Question 2

Closed Bridge Loan

Answer 2

Fixed end date and strategy which are often linked to best-known assumptions of when you will have funds available to pay back the loan.

Closed bridges are short term - often no more than 90 Days.