Bridge Loan

Bridge Loan is a type of lending often used in real estate investing. Bridge Loan are also known as asset-based loans, bridge loans or STABBL loans (short-term asset-backed bridge loans). Bridge Loan are used for short-term financing, and the loans are always secured by an asset. Traditional financial institutions don’t offer hard money loans, so this lending option is only available through private lenders and individual investors. 

Bridge Loan often used by real estate investors, house flippers and real estate developers. These types of loans can be a quicker and easier way to secure an investment purchase without the need for traditional financing or the approval process that is required by typical financial institutions. Since these types of loans are asset-based, they are not contingent on the borrower's creditworthiness.