Construction loan

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Construction loan

An interim loan of money secured by a negotiable bond or mortgage, or trust deed. The money obtained is intended to defray the cost of the building to be erected. Usually advanced in specified sums during the progress of construction. After completion, the loan is often converted into a long-term loan.

construction loan

A loan to a builder for a short term, financing construction prior to permanent financing.
References in periodicals archive ?
Furthermore, the Company proposed to vary the terms of the warrants associated with the CLNs by extending the exercise period of these warrants to 31 December 2021.
His CLN states he was a US citizen until June 28, 2016, as far as the US government is concerned.
In recent years, two diagnostic methods (US-guided FNAC and detection of thyroglobulin on FNA (FNA-Tg)) are often used to diagnose suspicious CLN metastases from thyroid cancer.
Other presentations from the police watch-house scheme and youth forensic CLN outlined how individual nurses and services have developed from the grass roots, with little or no guidelines to inform their practice.
CLN officials voiced similar words of satisfaction to their Turkish counterparts over the factory's projected output, with CLN President Gabrielle Perris Magnetto telling Anatolia on Monday that the company was happy to have partnered with "one of our largest rivals C* and one of the most well-positioned firms the sector.
All the hybrids expressed negative heterosis over the best parent except, CLN 2026C x Patriot, CLN 2026C x SL 120, CLN 2026E x SL 120, CLN 1464A x SL 120, PT 4671 A x Hisar [N.
From October 1996 through December 2005, 493 children with CBM and 528 children with CLN were identified.
Negotiations then began between CLN owner Jay Nusca of Mississauga and NRE with a letter of intent being signed to purchase the facility in October.
The North Shore/Long Island Jewish Medical Center Health System Laboratories is a CLN in progress.
In appreciation of the customers who stood by the brand for more than three decades, and for those who have considered CLN for their special occasions, CLN gave away more than P4 million in cash prizes to lucky shoppers via the "Rush to Win
Student assessments are undertaken jointly by the CLN and ALN, after consultation with DEU staff and the individual student, providing a more consistent and constructive assessment of students' clinical performance.