Sometimes called a bridge loan, a swing loan is generally a loan that is secured by a borrower's current residence to obtain the funds needed to purchase a new home if the current residence will not be sold prior to the purchase of a new home.

http://usecu.mortgagewebcenter.com/ResourceCenter/Glossary.a...



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Note added at 16 mins (2005-01-03 18:47:24 GMT)
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swing loan
Short-term financing which is expected to be paid back relatively quickly, such as by a subsequent longer-term loan. also called bridge loan or bridge financing.

http://www.investorwords.com/4843/swing_loan.html



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Note added at 19 mins (2005-01-03 18:51:06 GMT)
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SWING LOAN:
A short-term loan designed to bridge the borrower\'s finances between two events. For example, a person who buys a new home in April but cannot sell her old home until June may require a swing loan to carry both homes for the interim period until the old home may be sold and the proceeds used to pay out the swing loan. Also known as \"bridge financing\".

http://www.ezrealestatesolutions.com/Real-Estate-Glossary-S....

usually swing means to be able to handle, in other words to be able to afford the payments on, but in your context, I would say it refers to actually being able to obtain the loan

depending on your context, of course, but it may also mean "to obtain a loan"

look at 4b:

Merriam-Webster Dictionary

swing


1 a : to cause to move vigorously through a wide arc or circle <swing an ax> b : to cause to sway to and fro c (1) : to cause to turn on an axis (2) : to cause to face or move in another direction <swing the car into a side road>
2 : to suspend so as to permit swaying or turning
3 : to convey by suspension <cranes swinging cargo into the ship's hold>
4 a (1) : to influence decisively <swing a lot of votes> (2) : to bring around by influence b : to handle successfully : MANAGE <wasn't able to swing a new car on his income> <swing a deal>
[...]

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Note added at 40 mins (2005-01-03 19:11:32 GMT)
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ups, seems my internet connection is too slow...