Construction loans can be either be used throughout the duration of the building process and then converted to a Long-Term mortgage, or a client can opt for a combined Construction loan and long-term mortgage package known as a "Construction-to-Permanent" loan.
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A construction boom in places such. 55 percent equity stake at 425 Park — can still get a loan, Lapidus said. Those without Anbang’s deep pockets are are having a harder time. Developer Bauhouse.