The repayment term for a bridge loan can vary depending on the lender and the specific terms of the loan agreement. Generally, bridge loans are short-term loans that are intended to bridge the gap between the purchase of a new property and the sale of an existing property. As such, repayment terms for bridge loans are typically much shorter than those for traditional long-term loans like mortgages.
Bridge loans typically have a term of a few months to a year, although some lenders may offer longer repayment periods. The repayment terms may also include an option to extend the loan if the borrower needs more time to sell their existing property or secure long-term financing. Ultimately, the repayment term for a bridge loan will depend on the borrower’s specific needs and the terms negotiated with the lender.