This is a type of loan that spans for only the short term. It is provided by a lender to fund the real estate construction project. Construction financing typically comes with a floating interest rate. Once the construction is finalized and the site is sold or leased, the loan is then repaid using permanent loan proceeds.
Construction Financing
This is a type of loan that spans for only the short term. It is provided by a lender to fund the real estate construction project. Construction financing typically comes with a floating interest rate. Once the construction is finalized and the site is sold or leased, the loan is then repaid using permanent loan proceeds.