gap financing - (1) (also called "swing loan" or "bridge loan") interim real estate financing designed to allow a purchaser of a property to complete the purchase before selling another property, whose proceeds will ultimately be used to retire the gap loan; (2) in commercial real estate, the loan that makes up the difference between the floor loan and the actual amount needed. When the permanent loan is fully funded, the gap loan is retired. See also floor loan, permanent loan, and takeout loan.

© 2004 Bella Vista Publishing Company, Inc.  ISBN 0-9718225-0-6

.
	Copyright Protection:   This real estate web site is created in the United States of America and protected by copyright laws.  Permission should be obtained prior to any reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording or likewise.
.