Construction loans serve as lifelines for developers and investors embarking on ambitious projects. Unlike traditional mortgages, which are disbursed in a lump sum, construction loans are released in phases, known as “draws,” to finance the various stages of construction. These loans are typically short-term in nature, with repayment terms ranging from six months to three years, and are secured by the property being developed. Read more from the blog: https://yourfinanceguruz.wordp....ress.com/2024/03/05/
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