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Definition and discussion of bridge loans for commercial real estate.
Definition and discussion of bridge loans for commercial real estate.
The proceeds of the loan will fund the pre-construction efforts of the geothermal power plant, the geothermal well field, related infrastructure and development costs until the construction permits for the power plant are received. The Facility will mature 12 months from the closing date. Coinciding with the closing of the Bridge Financing, on
The purpose of the article is to clear up some common misconceptions about hard money commercial loans, and to explain why hard money lending is a useful tool in certain financial situations.
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