Bridge Loan

A bridge loan provides short-term financing to cover the gap between buying a new home and selling a current one. Terms are usually 6–12 months with higher rates (often 2–4 points above traditional mortgages) and fast closings.

Bridge loans let buyers make non-contingent offers — meaning the offer isn't dependent on selling the current home — which is a major advantage in competitive markets. They're paid off when the existing home sells, often refinanced into a permanent mortgage.

Why it matters for Milo customers

Milo crypto-backed loans can serve as bridge financing — funded in 24 hours, no property lien, no income docs. Investors use them to close on a new property before selling an existing one, then refinance into a long-term Milo mortgage.

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