Bridge Facility Agreements

Transition finance companies provide financing that links the participant`s immediate cash flow requirements to the potential right to funding upon registration with the Data Office. Transitional financing is generally not provided by banks. A bridge loan for the first tax gives the lender a first tax on the property. In the event of default, the first bridge lender first receives its money in front of other lenders. The loan, due to the low technical risk, entails lower interest rates than those of the loans of the second commission, which are a transitional charge. When Olayan America Corporation wanted to acquire the Sony Building in 2016, it took out a bridge loan from ING Capital. The short-term loan was approved very quickly, which allowed Olayan to seal the deal on the Sony building with shipping. The loan helped cover some of the building`s purchase costs until Olayan America secured longer-term financing.

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