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Bridge Loan Calculator. A bridge loan is a short term loan where the equity in one property is used as collateral for the bridge loan which is then used as the down payment toward a loan on a second property.
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· Carnegie Capital Secures $24M Bridge Loan for Long Island Facility Carnegie Capital, based in Austin, Texas, sourced and structured a $24 million bridge loan to refinance the existing note on a skilled nursing and assisted living facility on Long Island, N.Y. The deal helped restructure the facility’s operating debt and rehabilitate the upper level.