A construction and land loan is pretty self-explanatory. It is a short-term loan that finances both the price of the land and the construction costs associated with building. Like other hard money loans, part of the funds are designated to closing costs while the rest is held in escrow. The construction funds are distributed in pieces for the phase-by-phase projects in the building process all the way to completion. We do this to make sure the project stays within budget and on track.
At Hard Money Lenders California, we serve clients with new construction loans and land loans. We have a lot of experience funding the purchasing of land and construction projects fast and at any stage of the project. We offer the following funding: