How does a bridge loan work when buying and selling at once?

A bridge loan lets a buyer borrow against equity in their current home to fund a new purchase before the old one sells, closing the timing gap between the two transactions. It typically carries a higher interest rate and shorter term than a standard mortgage, since it is meant to be paid off quickly once the first home sells. Brian Beatty coordinates the sale timeline with a buyer's lender so the bridge loan gets repaid on schedule.