Bridge loans in Houston are short-term financial solutions designed to provide immediate funding during transitional periods. These loans are typically used by individuals or businesses that need quick access to capital while awaiting more permanent financing, such as the sale of a property or the approval of long-term loans. Bridge loans Houston are secured by real estate and generally come with higher interest rates due to the short-term nature of the loan. They are commonly used in real estate transactions, helping buyers secure a new property before selling their existing one. Repayment usually occurs within a few months to a year.
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