Understanding the Draw Process of a Construction Loan

2024-03-02T16:42:10-05:00Construction Loans|

The draw process for a construction loan involves a detailed mechanism for managing funds throughout the construction phase of a property. Here are some additional points to consider: Initial Approval: Before construction begins, the lender approves the borrower for a construction loan based on factors such as creditworthiness, project feasibility, and the borrower's ability to