What is a loan arranged by a builder that will pay off a construction loan and result in financing for the purchaser called?

A bridge loan is usually a short-term loan that is used to bridge the gap between financing. It is commonly used to pay off a construction loan and provide financing for the purchaser. This is different from a construction loan, which is used to finance the actual building of a property, and a permanent loan, which is used for long-term financing for the completed property. Therefore, options A, C, and D are incorrect answers for this question.