Swing Loan
"Same as term bridge loan: Short-term loan that is made in anticipation of permanent longer term loans. The interest rate on such a loan is usually higher than on longer term loans. An example is a temporary loan made to allow for a closing on the purchase of property before permanent mortgage financing; A business loan in which cash is received for a specific transaction, and repayment will be from cash flows from an identifiable source. The purpose of the loan and the source of repayment are related; hence the reference bridge loan. "
Popular Real Estate Terms
Written agreement in which the lessee pays rent to the lessor for the use of real property for a stated time period. An example is the tenant's rental of an apartment or office space. ...
A step's edge. ...
List of business property. ...
Land zoned for industrial use including manufacturing, factory office and warehouse space, research and development. ...
Structure built into the water from the land providing a facility for boats to tie up. A dock will often provide utility access ...
Right of an individual to be offered something before it is offered to others. For example, a tenant whose apartment is going to be converted to a cooperative has the first right of ...
Situation in which a business debts exceed the fair market value of its assets. ...
The individual responsible for an escrow account. ...
A roof having two slopes on each side. The second slope is longer than the first part of the roof and extremely steep. ...
Have a question or comment?
We're here to help.