Building a new home can be very exciting; however, smart decisions need to be made when it comes to financing. Construction financing, also knows as construction loans, is a short-term arrangement made to finance any real estate-related projects. The owner will take out a loan to cover all related costs to a project before a more permanent source of funding becomes available, but because the loans have more risk, interest rates are generally higher.
Associated costs with construction financing:
Get construction financing when you: take on a single home construction project, develop a sub-division or high-rise, finance commercial development, or fund conversion projects! Contact Faizal Garasia today for more information!