Real Estate Glossary

Construction Financing

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Richard Wilson
Written by Richard Wilson

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.

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.

About the author

Richard Wilson

Richard Wilson

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