Bridge loans are for properties in transition. Once lenders are comfortable that the future income of the property will result in a higher valuation, they will often lend up to 90% of cost on a bridge loan. Most bridge loans float over Prime or LIBOR. The higher the leverage, the higher the rate. The lenders making bridge loans are not easily accessed directly by borrowers and usually get their monies from unique sources, such as CDOs, Investment Banks, Credit Lines or Opportunity Funds. Bridge loans may also be used to fund minor or even major renovations of properties with limited or no cash flow.