See Construction Loan

A short-term loan obtained to cover financing of the construction of a building.

A short-term financing arrangement. The most common example is that between a lending institution and a developer or builder.

Loan obtained for the purpose of constucting a home.

The type of financing you need for a new construction loan. This allows you to pay the builder the up front cost to get your home built. After completion of the home you can obtain permanent financing.

Short-term loan to provide temporary financing until more permanent financing is available.

Any short-term financing, such as a swing loan or a loan used to finance construction, due at the completion of the construction. Usually paid off with the proceeds of a take-out loan.

Short-term financing that's conditional upon securing intermediate or long-term financing. Also known as a bridge loan.

See Bridge Loan.

Short-term financing used by sellers to bridge the gap between the sale of one house and the purchase of another (also known as bridge or swing loans). A construction loan is also a form of interim financing.

Temporary or short term loans. Often used with new construction. Usually replaced with a permanent long-term mortgage.

Short-term financing to help a buyer bridge the gap between the closing date on the purchase of a new home and the closing date on the sale of the current home.

A loan made available to improve a property that is being financed some other way.

A construction loan made during completion of a building or a project. A permanent loan usually replaces this loan after completion.

1) A construction loan to pay for costs up to completion; 2) Another name for a bridge loan, a short-term loan designed to cover a gap of time between the purchase of a new home and the sale of the old when equity becomes available.

A loan granted for a short term, to cover the time gap between completing the purchase of one property and finalizing payment arrangements. The need for this type of financing often results from mismatched closing dates of the sale of an existing house and the purchase of a new one.

A construction loan made during construction of a building or a project. A permanent loan typically replaces the construction loan once the building is completed.

The availability of funds on a daily basis to assist a developer with financing for a construction project between advances made by the lender of the construction loan.

A short-term loan usually made during the construction of a home, building, or project. This loan is usually replaced by a mortgage upon completion.

Non-amortized loans provided for the culmination of a specific project such as construction or other compound transaction. They are typically interest-only and are due and payable at the conclusion of the project. These loans usually require long term financing to be in place prior to approval.

When the purchase of your new home closes in 60 days but the sale of your current home closes in 90 days, you will need interim or bridge financing. This is because for 30 days, you will own both properties, and of course, not receive the equity out of your old property. If the lender you choose cannot provide you with interim financing, you may find getting it from other lenders will be very expensive.

A loan, including a construction loan, used when the property owner is unable or unwilling to arrange permanent financing. Generally arranged for less than 3 years, used to gain time for financial or market conditions to improve.

A construction loan made during completion of a building or a project which is replaced by a permanent loan once the building is completed.

A construction loan made during the completion of a building or project. A permanent loan will usually replace this after completion.

A short-term loan often used to finance real estate construction or used as a bridge loan to purchase a new home before the sale of the old home.

A short-term loan usually made during the construction phase of a building project; often referred to as the "construction loan."

Financing, used for a short term, to bridge the gap between the purchase of a home and the sale of a home, is also called a "bridge loan". Construction loans are interim financing.

A loan to cover construction costs until the buyer can obtain a long-term mortgage. It is usually a short-term, high-interest-rate loan.

A temporary construction loan made during the completion of a home or building, which is usually replaced by a permanent loan after completion and/or sale of the property. It also may be referred to as a short-term loan or a bridge loan. back

A temporary or short-term loan, often made during the construction phase of a building project, and usually replaced by a permanent long-term mortgage

A short term loan issued by a financial institution to pay subcontractors as various phases of a project are completed.

The availability of funds on a day to day basis to assist a developer in financing the construction of project between advances made by the lender of the construction loan.

Short-term financing issued during the completion of a building or project, in anticipation of longer-term financing.