Closing Time Frame on New Construction Loan

Questions › Closing Time Frame on New Construction Loan

dealpal Staff asked 3 years ago

I’m a little confused on when you close for a new construction loan, specifically the construction to perm loan. I know that you’ll pay interest on the construction part of the loan (I’m assuming as soon as they start work), but do you close AFTER the construction is finished, or at the onset of construction?

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