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First Charter Financial Corporation
First Charter Financial Corporation
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BRIDGE LOANS

Generally speaking a category of financing intended for a short time, interim loans. These loans usually come from commercial banks but we have seen many different institutions get involved in bridge loans.

The purpose of these loans can cover such things as construction or major renovation prior to a condo conversion. Also the purchase of individual properties intended for a portfolio type of loan at a later time. You name it and if the loan is only going to be around for two or three years it can be classed as a bridge loan.


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