Commercial Construction Loans: Signing On The Chalked Line
Securing finance to build a new structure or business complex is a process associated with large sums of money and considerable professional projections. Also, the property price itself is not the only cost involved, as there are the concomitant fees, commissions and administrative charges. Then there is also the fact that property finance transactions are generally long term in nature, perhaps twenty years in duration. However, in cases where the structure has not yet come into existence, the commercial construction loans that are used are more sophisticated than a mere contract of sale.