A bridging loan is a loan that is used to finance short-term financial bottlenecks. Banks often grant a bridging loan to finance the construction or purchase of a property. This type of loan is also known as interim financing. A concrete example of a case in which a bridging loan may be necessary would be the short-term purchase of a property or a building plot, although the building loan contract is not yet ready for allocation. As the name of the loan suggests, this bridges the time until the home loan is available. Such bridging is also possible for…