World's Largest Mortgage Community

Interim Financing

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Sam Site Admin Joined: 21 May 2005 Posts: 281 Location: CALIFORNIA 117.49 Dollars($)	Posted: Mon Apr 12, 2004 5:09 pm    Post subject: Interim Financing Interim Financing is a short term construction loan made during completion of a building or a project. A permanent loan usually replaces this loan after completion. These loans range from 6 months to 5 years with the most typical term being 3 years. It is used to gain time for financial or market conditions to improve. Interim Financing is another name for a bridge loan, a short-term loan designed to cover a gap of time between the purchase of a new home and the sale of the old when equity becomes available.

Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0