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Showing results for construction loan. Search instead for construction bond.

construction loan

American  

noun

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


Example Sentences

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Now that the finishing touches are complete, the couple loves the results: a character home that has been beautifully remodeled to honor its Spanish heritage and an ADU that covers their construction loan.

From Los Angeles Times Sep. 6, 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

Using a construction loan guarantee, foundations or donors pledge to repay a loan with their endowment or other assets.

From Seattle Times May 10, 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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