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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.

That wouldn’t produce enough revenue to support a conventional construction loan, even in the more favorable environment of 2022.

From Los Angeles Times • Jul. 23, 2024

The complaint says McNeal made four draws against the construction loan, provided vague or false descriptions about the purposes for the money and failed to provide supporting documentation requested by Paylor.

From Seattle Times • May 25, 2024

The mall, called Europark, was used as collateral for a Hotel Moska construction loan that later was sold by the issuing bank, causing Smagin to lose his interest in the mall.

From Los Angeles Times • Sep. 7, 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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