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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.

Koch sees an “openness” to providing less traditional support, such as construction loan guarantees and direct investments in affordable housing.

From Los Angeles Times • Dec. 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

Andy Ballester, a co-founder of the crowdfunding site GoFundMe, set aside around $5.3 million — an amount equivalent to the value of the construction loan.

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