Construction Loan
Construction
Loan
A
short term interim loan to pay for the construction
of buildings
or homes. These are usually designed to provide periodic disbursements
to the builder as he progresses.
...
more...
Interim Financing
Interim Financing
A construction loan made during completion of a building or a project. A permanent loan usually replaces this loan after completion.
Interim loans are used to bridge the gap between the construction loan and the permanent loan (hence bridge loans) ...
more...