Swing Loan

Concept of Swing Loan in the context of Real Property

A short definition of Swing Loan: An interim loan made so that the borrower may purchase property during a pending sale of borrower’s property. The proceeds from the sale are then used to pay off the swing loan.

Concept of Swing Loan in the context of Real Property

A short definition of Swing Loan: An interim loan made so that the borrower may purchase property during a pending sale of borrower’s property. The proceeds from the sale are then used to pay off the swing loan.