Understanding Interest-Only Periods in Construction Loans

2023-11-08T19:33:42-05:00Construction Loans|

Construction loans play a crucial role in the real estate and development industry, providing the necessary funds to build or renovate properties. One of the unique features of construction loans is the interest-only period. We will examine what the interest-only period in construction loans is, how it works, and why it's essential for both borrowers