Real estate blog entries tagged with development loan by Peter Maclennan - Investment Real Estate (Maclennan Investment Group, Inc.)

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Home : Blogs : Peter Maclennan - Investment Real Estate : Peter's Real Estate Thoughts : Tag "development loan"

development loan: Is it a Development Loan or a Construction Loan? - 07/09/08 07:17 PM

Part of my job is to take incoming cold calls. We advertise in a commercial lending industry magazine that generates a good deal of call traffic.
On a regular basis I get requests for “construction” loans. After asking some questions to determine the nature of the loan, I usually find out that the broker/borrower is actually searching for what I would call a “development” loan.
What’s the Difference, Who Cares? Why does it matter if you call it a construction loan rather than a development loan?
First, it reflects on the broker/borrower. If a lender has to educate the … (1 comments)

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Peter Maclennan - Investment Real Estate

Walnut Creek, CA

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Maclennan Investment Group, Inc.

Address: PO Box 2564, Walnut Creek, CA, 94595

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