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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

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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

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

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

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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