construction loan

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Construction loan

A short-term loan to finance building costs.

Construction Loan

A short-term loan used to finance the building of some real estate project. The builders take out a construction loan in order to begin the project while they obtain long-term funding. Because there is no guarantee that the builders will be able to obtain long-term funding and a construction loan is not intended to fund an entire project, construction loans are fairly risky, and, as a result, have high interest rates.

construction loan

A short-term mortgage taken to finance the construction of a real estate project before permanent long-term financing is obtained. Because of its relatively high return, some real estate investment trusts specialize in this type of loan. Construction loans are often more risky than long-term mortgages.

construction loan

A loan originated for the purposes of providing payment for construction work or subdivision development.See also building loan agreement.
References in periodicals archive ?
CLN director Debi MacKenzie said: "Year after year, we've reinvested in the business, testing new ideas and making sure that our customers have absolutely the best experience possible.
London/Milan: Fitch Ratings has revised the Outlooks of 17 credit-linked notes (CLNs) to Negative from Stable.
After the development of diagnostic technology (ultrasonography (US) and fine-needle aspiration cytology (FNAC)), thyroid cancer became the most common endocrine tumor and its incidence increases each year.1-4 Although the prognosis of thyroid cancer is often good after initial surgical treatment, the focal or regional recurrence rate is 5%-20% and the probability of a distant metastasis is 10%-15%.5-7 Therefore, early detection of cervical lymph node (CLN) metastases from thyroid cancer is particularly important for guiding clinical treatment and the selection of surgical methods.
I gave a presentation on the second day on practice ethics facing the CLN. The presentation provided an ethical framework for the afternoon's workshops looking at standards of practice.
CLN is one of the largest wheel rim manufacturers in the world, registering 1.7 billion euros in revenue in 2011.
Among the hybrids, CLN 2026E x SL 120, LE 812 x SL 120, CLN 1464 A x SL 120 and CLN 2026C x SL 120 recorded high mean performance for root length and these four hybrids only showed positive significant heterosis over the best parent.
CLN was defined as a negative CSF culture with pleocytosis plus negative CSF latex agglutination tests for both S.
(ADL606) ANTHONY DEASEY - CELSION CORPORATION (CLN).
CLN Industries provides heavy equipment overhaul services.
The Iowa Chautauqua Program focusing on STS materials and strategies and the Constructivist Learning Model (CLN) described by Yager are reviewed.
An Illinois-based locomotive refurbishing and supply company has stepped in to re-open the doors of the former CLN Industries Ltd.