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good afternoon and welcome to another episode of the multi-family minute with old capital james what is a bridge alone so bridge loan is a transitional loan right so its gonna be shorter term anywhere from three to five years and it really is just trying to get you the bridge quote unquote is from acquisition to a stabilized loan right so stabilized loans are really fannie and freddie and multi-family and so thats going to be five seven ten-year loans but all those stabilized loans look at they want uh 90 occupied for 90 days and they also want a 125 debt service coverage based on the rents today right and so if you cant qualify for that so right now if you buy a 50 million property um fannie freddie are gonna give you a 25 million loan so right now the rents arent to market in a lot of these properties just because rents have gone up so fast in such a short amount of time and so you use the bridge loan and that bridge essentially gives you that time it might give you 70 75 of the