This product offers guaranteed FHA / HUD takeout financing, and generally will include the HUD financing expenses in the bridge loan. Typically, the loan term on the bridge part will be anywhere from 18-36 months, at which point it will convert to typical long term HUD financing. Though the rate may be 100 basis points higher than that of a bank, it typically closes in a much shorter period of time, and the HUD exit is usually viewed positively, in that the client need not worry about the takeout.