Demystifying Loan-to-Cost Ratio and Construction Contingency Reserve

2023-12-24T19:14:09-05:00Construction Loans|

Embarking on a construction project is an exciting endeavor, whether you're planning to build your dream home, launch a commercial development, or revamp an existing property. However, the financial aspect of construction can be intricate, requiring a nuanced understanding of terms like "Loan-to-Cost Ratio" and "Construction Contingency Reserve." Let’s explore these critical components of construction