How Construction to Permanent Loans Works
Construction to permanent loans typically progress through various phases, aligning with different stages of the construction process. Initially, borrowers obtain financing to address expenses related to land acquisition, architectural plans, permits, and other preliminary costs. As construction begins, funds are released in predetermined increments, referred to as "draws," to finance construction expenses including materials, labor, and subcontractor fees. Read more from the blog: https://techkstory.com/how-con....struction-to-permane
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