Definitions for "Interim Loan"
Financing, which is subordinated to construction and LTD. It is in the form of a "second" or subordinate mortgage, which may be exchanged with an owner in consideration of land use for development.
A short-term, temporary loan used until permanent financing is available, e.g., a construction loan.
an agreement between a lender and builder where the lender agrees to advance certain sums to the builder during construction
Interlocking Directorate