building loan agreement(redirected from Building Loan Agreements)
Building Loan Agreement
An agreement by a bank or other financing entity to extend capital to build a new construction. For example, a building loan agreement may be signed so a developer can build a new house or neighborhood. The money is disbursed at intervals, rather than all at once, once the builder reaches certain, defined stages of construction.
building loan agreement
A loan to finance construction.Funding is made either at preestablished stages or at completion, or upon submission and approval of invoices evidencing construction bills.