Browse Mortgages and Real Estate Finance

Bridge, Gap, and Interim Financing

Bridge, interim, gap, and take-out financing terms used before permanent property capital is in place.

Bridge, Gap, and Interim Financing covers construction loans, bridge loans, interim financing, draw schedules, holdbacks, hard-money loans, takeout loans, and development-capital terms.

Use these pages when a project is financed before completion, stabilization, permanent financing, or sale. It sits inside Construction, Bridge, and Development Finance, so readers can move up when the broader property-finance context matters.

Use the table below to choose the narrower mortgage or real-estate finance branch before applying a term to a loan file, closing record, servicing review, investor report, appraisal, or valuation model. Move into the term page when the document, calculation, party role, lien position, or property cash flow matters.

What This Branch Covers

AreaUse it for
Bridging LoanA bridging loan is a short-term loan used to bridge the gap between the purchase of one asset and the sale of another, commonly used in the property and housing market.
Front MoneyFront Money is a construction-finance concept used to fund development costs, draws, inspections, and project risk.
Gap LoanA gap loan is short-term financing used to cover a temporary funding shortfall before permanent or expected financing is available.
Interim FinancingInterim Financing is a construction-finance concept used to fund development costs, draws, inspections, and project risk.
Secondary FinancingSecondary Financing is a construction-finance concept used to fund development costs, draws, inspections, and project risk.
Take-Out LoanTake-Out Loan is a construction-finance concept used to fund development costs, draws, inspections, and project risk.

What to Check

  • Project budget, draw schedule, construction contract, permits, completion milestone, and inspection process.
  • Land value, collateral package, seniority, guaranty, holdback, contingency, and interest reserve.
  • Bridge, interim, hard-money, private-money, permanent, or takeout financing terms.
  • Exit source, lease-up, sale plan, refinance condition, and cost-overrun risk.
  • Effect on development risk, funding gap, lien priority, payment timing, and borrower liquidity.

Common Mistakes

  • Treating bridge or construction financing as permanent financing.
  • Ignoring draws, retainage, inspections, cost overruns, and completion conditions.
  • Comparing hard-money and conventional loans without matching risk, fees, maturity, and exit path.
  • Assuming takeout financing is available before conditions are satisfied.

Construction and development-finance content is educational and does not provide lending, construction, legal, tax, appraisal, or investment advice.

In this section

Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.

Bridging Loan

A bridging loan is a short-term loan used to bridge the gap between the purchase of one asset and the sale of another, commonly used in the property and housing market.

Front Money

Front Money is a construction-finance concept used to fund development costs, draws, inspections, and project risk.

Gap Loan

A gap loan is short-term financing used to cover a temporary funding shortfall before permanent or expected financing is available.

Interim Financing

Interim Financing is a construction-finance concept used to fund development costs, draws, inspections, and project risk.

Secondary Financing

Secondary Financing is a construction-finance concept used to fund development costs, draws, inspections, and project risk.

Take-Out Loan

Take-Out Loan is a construction-finance concept used to fund development costs, draws, inspections, and project risk.

Revised on Sunday, June 21, 2026