construction loan

There is no such thing as a construction loan here.

"After 9/11 we lost our construction loan and had to wait for about a year to get a new one," he said.

They are putting up very little of their own money, relying instead on construction loans.

"Four banks were willing to give me a construction loan," he said.

The pace reduces the cost of interest on the construction loan.

A construction loan of about $1 million was a year in the making.

But there was a 27 percent increase in troubled real estate construction loans.

That verdict you mentioned paid off the construction loan, though.

The balance of the construction loan would comes from conventional financing.

She secured a construction loan in advance, but that took some shopping around.

The construction loan closed in July and completion is scheduled for next summer.

It is also paying $2.5 million a year on a 20-year construction loan.

But there are some issues that make construction loans more complicated than ordinary mortgages.

In the mid-1980's, such a development would have needed to show only 50 percent commitment to get a construction loan.

Construction loans for stick-built homes are also more expensive because of the longer time involved.

The major difference under this program is that the basic construction loan is available at all.

Construction loans are converted to ordinary mortgages when the house is finished.

"Federal regulators are after the banks to reduce their acquisition, development and construction loans," he said.

Cost savings in interest on construction loans amount to about $4,000 a house.

There's a steam-roller effort to push this through because a construction loan has to close.

The previous boom in the 80's was largely financed through bank construction loans.

Half of the Simpson Organization's construction loan had been paid out.

The all inclusive packages included floor plans, building materials and construction loans.

They never took out a construction loan but adopted a pay-as-you-go budget.

That's because people buying these properties are usually doing a renovation, for which they'll need a separate construction loan.