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development loan |
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development loan A loan used to develop real property, which includes not just construction of the improvements, but also excavation work, infrastructure such as storm sewers and roads, and the holding costs of the property until such time as it can be sold or can support fully amortizing permanent financing. Contrast with a construction loan, for building improvements only. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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