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A commercial bridge loan is a short-term real estate loan used to a purchase owner-occupied commercial property before refinancing to a long-term mortgage at a later date. commercial bridge loans are issued by traditional banks and lending institutions and help borrowers compete with all-cash buyers.
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A commercial loan is a debt-based funding arrangement that a business can set up with a financial institution, as opposed to an individual. They are most often used for short-term funding needs.
Refinancing a small-business loan can be a critical step if you’re an entrepreneur looking to grow your company – especially if you’re struggling with monthly, or even daily, loan payments.
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