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

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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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

Filed Tuesday in King County Superior Court, the civil complaint accuses McNeal of drawing on a construction loan and using the money for his own purposes, including providing financial support to an intimate partner.

From Seattle Times May 25, 2024

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

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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