Append below features of Bridging Loan, the advantages and disadvantages of using Bridging Loan:
Features & Salient Points
Norm in the Real Estate Development to source this type of finance. Easy and convenience for developers to obtain.
Drawdown based on sales proceeds.
A bit more paperwork when drawing down on the bridging loan.
- Internal Control Checklist/Questionaires/Assessment On Project Management
- ACCA Approved Employer Programme
- Long Term Sources Of Funds-Fixed Incomes Securities, Notes & Bonds (Part 3 of 3)
- What is factoring,its advantages,disadvantages and how to compute the maximum amount of loan or advance by factoring the Accounts Receivable
- Question On Computerized Accounts