Interim Financing

The Language of Real Estate

Interim Financing

A short-term loan usually made during the construction phase of a building project; often referred to as a construction loan.

Proceeds from the interim loan are disbursed in increments (obligatory advances) as the construction progresses.

Long-term, permanent, or takeout financing is usually arranged to “take out” the interim loan.

Share This Post

Leave a Reply

Your email address will not be published. Required fields are marked *

Stay connected.

Get up to the minute updates and resources.

Search
Other Articles

Stay Connected.

Get up to the minute updates and resources.