Construction Financing Questions?

[Jared B.]

Construction financing basics thread.
What's typically required?
What type of interest rates can be expected (compared to conventional loans)?
How are carrying costs done on a construction loan?
What about when it's rolled into a conventional loan at completion?
Can we get payments deferred, say until construction is done?
What avenues for construction financing are there?
Are there thresholds for funding levels (ie: $300k v $1mm)
What's different in commercial lending?

Please infill with any questions I haven't thought of.