Category Archives: Construction Loans

Palm Springs Banking Practice Law Firm Shares the Guide to Understanding Construction Loans

How Construction Loans are Made

Construction loans are subsided in increments to supplement the progress made on the development’s construction. Since construction loans are short-term loans, they must be paid in full in accordance to the loan period that is soon after the construction is completed. Construction loans can consist of a period of time ranging from 12 months to 24 months. Continue reading