Bridge and event-driven lending has become more prevalent in today's economic and real estate environment because conventional lenders are essentially out of the game.

So says Brett Forman, managing partner of Palm Beach-based private commercial real estate lender Forman Capital.

He tells GlobeSt.com that bridge financing has long been utilized by real estate owners or developers as a short-term step to a permanent financing solution. Now it is being used as a stop gap until the capital markets become more open.

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