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construction loan

American  

noun

Finance.
  1. a short-term loan to finance the building phase of a real-estate project.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

In 2019, the museum entered into a $33-million construction loan agreement to finance final phases of the $110-million expansion of its La Jolla facility, according to posted financial statements.

From Los Angeles Times • Mar. 27, 2024

Add this amount to the construction loan you’ve been preapproved for.

From Seattle Times • Aug. 14, 2023

When Yegiazaryan was raising money for the hotel, he tapped the mall as collateral for a $100-million Deutsche Bank construction loan.

From Los Angeles Times • Jul. 24, 2023

A Trepp study of 4,760 banks' public regulatory data published late Tuesday found that 763 have either a CRE or construction loan concentration ratio that exceeded these thresholds.

From Reuters • May 17, 2023

Daniel Klein, president of Klein Enterprises, a commercial real estate management firm based in Maryland, had been talking to several banks recently about a construction loan for a new project.

From New York Times • Mar. 22, 2023

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