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lets talk about bridge loans and how they can help you and your cash flow especially if youre stuck in a project or need temporary funding now you might be wondering what the heck is a bridge one well its basically a short-term loan that bridges a financial gap [Music] get it no okay no worries lets take a look at an example if you have a hard money loan for a fix and flip but youve run out of money then a bridge one would be a perfect solution to help you finish it because its way cheaper to get a temporary bridge loan than to get stuck in an expensive loan for months or years while you figure out a way to come up with the funds to complete the project not to mention dealing with the cost of an incomplete project think about materials contractors taxes insurance the list goes on and on bridge loans also work great when youre looking for your next project but your current projects closing is delayed you can use the equity in the current project to secure a new one and when your
