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2. Best construction loan lenders in 2024 - AOL

   www.aol.com/finance/best-construction-loan...

   Owner-builder construction loan – A loan that operates like a construction-to-permanent or construction-only loan, but with one key difference: the borrower is also the builder

3. What are construction loans, and how do they work? - AOL

   www.aol.com/finance/construction-loans-154657152...

   Owner-builder construction loan. ... Get your documents together: A lender will likely ask for a contract with your builder that includes detailed pricing and plans for the project. Be sure to ...

4. What is a construction-to-permanent loan? - AOL

   www.aol.com/finance/construction-permanent-loan...

   A construction-to-permanent loan — also known as a one-time, single-close or construction-perm loan — is a type of mortgage for those building a home. It funds the purchase of land and the ...

5. Construction contract - Wikipedia

   en.wikipedia.org/wiki/Construction_contract

   The owner, often referred to as the 'employer' or the 'client', [1] has full authority to decide what type of contract should be used for a specific development to be constructed and to set out the legally-binding terms and conditions in a contractual agreement. [2] A construction contract is an important document as it outlines the scope of ...

6. Lump sum contract - Wikipedia

   en.wikipedia.org/wiki/Lump_sum_contract

   Obtaining construction loans are easier with this type of contract. [9] [8] The profit margins and percentages are greater for engineers and contractors. [8] [9] Payments and instalments are made on regular basis which provides the contractor with a reliable cash flow. [8] [9] Management of the contract is a lot easier for the owner. [8] [9]

7. Floor loan - Wikipedia

   en.wikipedia.org/wiki/Floor_loan

   The rest of the loan's balance (called "holdback") [1] is given to the builder upon the achievement of certain milestones related to the sale or lease of its residential space. [2] For example, a bank may advance 80% of the balance of a property loan to the builder, and release the remaining 20% upon the successful construction lease or sale of ...