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Updated almost 6 years ago on .

User Stats

27
Posts
5
Votes
Yaya Y.
  • Greater New York Area, NY
5
Votes |
27
Posts

Typical construction loan terms?

Yaya Y.
  • Greater New York Area, NY
Posted

How are construction loans’ interest rates typically determined? Which index are they tied to? LIBOR?

What are the typical terms seen today when getting a construction loan and what are the interest rates on them?

Can anyone provide some insight that recently received a CL and what was the process of receiving one?