Construction Loan

Concept of Construction Loan in the context of Real Property

A short definition of Construction Loan: Short term financing of real estate construction. Generally followed by long term financing called a “take out” loan, issued upon completion of improvements.

Concept of Construction Loan in the context of Real Property

A short definition of Construction Loan: Short term financing of real estate construction. Generally followed by long term financing called a “take out” loan, issued upon completion of improvements.