Fundamentally, commercial construction loans are written for the aim of the borrower having the power to fix construction funding for a project to be built. In some causes, building lenders will also allow for standing financing for the same project once it is finished.
It's a good thought when rolling up your list of construction lenders to ask if they will offer enduring funding. If they don't, you will have to set permanent financing through another contributing source prior to getting the construction loan. Construction lenders make short-run loans, normally 6 months to one year, and then take a lasting lender to fund the project and pay off the construction loan.
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