Construction Loans

Short-term (usually 3 years) real estate financing secured by a mortgage on the property being financed. This loan is meant to cover the cost of land development and building construction, and is disbursed (1) as needed, (2) as each stage is completed, (3) according to a prearranged schedule, or (4) when some condition is met. Construction loans are paid off from the proceeds of permanent financing (usually for 20 to 30 years), which in turn is repaid from the cash flow generated by the completed building, and is arranged before the construction loan is disbursed. Also called building loan, construction mortgage, or development loan.

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Guardian Financial Services
201 E Rumble Rd A-2
Modesto, CA 95350

Number:
(800) 652-9173

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Lic. By CA Dept. of Real Estate 31 Years

Department of Real Estate Lic. # 01097773
NMLS Individual # 1472997
NMLS Company # 1843756