Bridge Term Definitions What is bridge? – Definition from WhatIs.com – In telecommunication networks, a bridge is a product that connects a local area network ( LAN) to another local area network that uses the same protocol (for example, Ethernet or token ring ). You can envision a bridge as being a device that decides whether a message from you to someone else is going to the local area network in your building.
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If you want to reposition or rehabilitate a commercial property, a bridge loan can be a great solution. typically lasting between 12 – 24 months, bridge loans are.
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Bridge loans are generally taken out when a borrower is looking to upgrade to a bigger home, and haven’t yet sold their current home. A bridge loan essentially "bridges the gap" between the time the old property is sold and the new property is purchased.
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