A loan provided by a lending institution specifically to construct or renovate a building.

A short-term loan for financing construction. As the work progresses, the lender makes periodic payments to the builder.

Also called Building Loan. A short-term, interim loan (only paid to registered builders) for financing the cost of construction. The lender makes payments to the builder at periodic intervals as work progresses.

A short term interim loan for financing the cost of construction. The lender advances funds to the builder as the work progresses.

A loan made to a builder or home owner that finances the initial construction of a property, but is replaced by a traditional mortgage one the property is completed.

Type of loan where money is doled out as construction takes place; borrower must obtain a permanent long-term mortgage from another source to repay the construction loan. Also called an interim loan.

A short-term, interim loan for financing the cost of construction. The lender makes payments to the builder at periodic intervals as the work progresses.

a short-term, to finance the cost of building a new home. The lender pays the builder based on milestones accomplished during the building process. For example, once a sub-contractor pours the ...

Interim financing during the developmental phase of a property.

A loan provided by a lending institution specifically to construct or renovate a building.

financing for a development project; typically these loans are short-term, covering the construction timeframe (1 to 3 yrs); after construction is completed, the developer usually pays off the construction loan by refinancing with a Permanent Loan – a standard loan for existing hotels.

A loan, usually short-term, which is made to finance construction. The funds are disbursed as needed or in accordance with a pre-arranged plan, and the money is repaid upon completion of the project, often from the proceeds of a long-term loan, e.g., a mortgage.

A short-term, interim loan for financing the cost of construction. The lender advances funds to the builder at periodic intervals as the work progresses.

A short term interim loan for financing the cost of construction. The lender advances funds to the builder at periodic intervals as the work progresses.

A short-term loan financing improvements to real estate, such as the building of a new home. The lender advances funds to the borrower as needed while construction progresses. Upon completion of the construction, the borrower must obtain permanent financing or pay the construction loan in full.

A loan which funds the construction or renovation of a property

It is a short term and interim loan to pay for the construction costs of building homes. It is in the form of periodic payments by the lender to the builder as the work progresses.  

Construction loan is a loan granted to a developer for the actual construction of a building project. For sanctioning such a loan, the lending institution usually requires a developer to have good cre [..]

See Contractor loan.

A loan made to a builder or home owner that finances the initial construction of a property, but is replaced by a traditional mortgage one the property is completed.

A short-term loan taken for the expressed purpose of building. Installment payments are made and when the building is complete, the loan is usually replaced by a longer-term mortgage.

A loan to provide the funds necessary to pay for the construction of buildings or homes. The lender advances funds to the builder at periodic intervals as the work progresses.

A loan to provide the funds necessary to pay for the construction of buildings or homes. These are usually designed to provide periodic disbursements to the builder as he progresses.

A construction loan is a short term loan applied to the construction of a new home. The builder gradually withdraws the loan proceeds and the home serves as collateral on the loan.

A short-term interim loan for financing the cost of construction. The lender advances funds to the builder at periodic intervals as the work progresses. A construction loan would typically be paid off [..]

A claim against the estate or interest of the owner in a property for labour, services, or material supplied to it and not paid for and it must be registered on title to the property in question to be [..]

A short-term, interim loan for financing the cost of home construction. The lender makes payments to the builder at periodic intervals as the work progresses.

Short term financing of real estate construction. Generally followed by long term financing called a "take out" loan, issued upon completion of improvements.

A short term finance arrangement used to fund the construction of areal estate project usually prior to a longer term mortgage being obtained, where disbursements are dependent on construction progress and interest accrues only on distributions in line with construction progress and not the total amount to be borrowed. Source

A short term, interim loan used to finance home construction. The lender advances funds to the builder at periodic intervals as the work progresses.

A short-term loan to finance building costs.