A mortgage which replaces a construction loan after construction is complete.
A long-term loan often used to "take out" the interim lender who loaned money to finance the construction of a major project.
A loan secured by land after improvements have been completed.
A loan which takes effect after construction, or development, which replaces construction financing. Usually long term financing.
Mortgage loan covering the total development cost of a project. It is a long term obligation which generally goes in place after the project is constructed and open for occupancy.
A fully amortized, or long term loan with payments which include both interest and principal and results in the elimination of the initial debt at its maturity.
Financing which is not intended to be replaced in the immediate or near future.
Financing which is put in place to replace a short-term loan or a contractor/ construction loan. Français: Financement permanent Español: Financiación permanente
A long-term loan, as opposed to an interim loan.
A mortgage loan, usually covering development costs, interim loans, construction loans, financing expenses, and marketing, administrative, legal and other costs. This loan differs from a construction loan in that the financing goes into place after the project is constructed and open for occupancy. It is a long-term obligation, generally for a period of 10 years or more.