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Tremont Mortgage Trust TRMT, +1.91% today announced the closing of a $15.2 million first mortgage bridge loan to finance a 136,000 square foot, 8-story office building with structured parking located.

Texas Bridge Credit Union would like to welcome our newest board director, Denise Villagran. Ms. Villagran and her husband, Urban, have been members of TXBCU for nearly 40 years. She brings valuable financial, management and health insurance/underwriting experience to our Board.

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Bridge loans can help borrowers move from one home to the next, but they can be dangerous. A bridge loan usually runs for six-month terms and is secured by the borrower’s old home.

A "bridge loan" is basically a short term loan taken out by a borrower against their current property to finance the purchase of a new property. Also known as a.

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What is a bridge loan? As the name suggests, bridge loans offer a short-term loan or "bridge" that allows borrowers to purchase new real estate property by using the home they currently own as.