Construction Lending from the Ground Up
David A. Weissmann
20 PROBATE & PROPERTY MAY/JUNE 2004 Construction lending is different in many respects from other real estate lending. It requires generaa knowledge of construction industry practices, engineering matters, and financing techniques. Although the pre-closing requirements are similar to other real estate loans, additional review is required to ensure that construuctio can commence and proceed without interruption. Takeout Strategy Most construction lenders are not permannen lenders. Instead, they...