We are serving since 1998 at Texas
  • 26611 Weir Way Magnolia, TX. 77355
  • (888) 727-3057 Toll Free
  • Mon - Sat 9.00 - 19.00Sunday CLOSED

Construction Loans

Construction Loans
Short-term (usually 3 years) real estate financing secured by a mortgage on the property being financed. This loan is meant to cover the cost of land development and building construction, and is disbursed (1) as needed, (2) as each stage is completed, (3) according to a prearranged schedule, or (4) when some condition is met. Construction loans are paid off from the proceeds of permanent financing (usually for 20 to 30 years), which in turn is repaid from the cash flow generated by the completed building, and is arranged before the construction loan is disbursed. Also called building loan, construction mortgage, or development loan.

Our team of experienced professionals is always ready to assist you throughout the loan process

(888) 727-3057