💰 Bridge Loan vs. Agency Loan vs. Bank Loan

Bridge loan is just bridging you from lower cash flow to improved cash flow. Right. Shorter duration loan, but it's usually with a, you know, some sort of debt fund or, you know, Wall street, some type of investor. So they're inherently going to need more yield because they're taking more risk. Agency loan is non recourse, and a bank is full recourse. What that means is with a bank, you're fully guaranteeing repayment regardless of if there's a deficiency. So bank makes you a loan, 10 million bucks, no fault of your own. Something goes wrong, you got to sell the property you sell for $9 million. In theory, there's a deficiency of $1 million, you're on the hook for that.