Construction Funding
Construction Funding
Construction lending usually involves the custom building of a new house or small-scale housing developments. Construction loans can be taken out by property owners or builders and are typically short-term facilities for the duration of the actual building project.
Depending on lender terms and conditions, repayment flexibility can be a feature, and interest-only payments may apply while the project is underway. The lender may also impose special conditions and covenants around things like resource consents and environmental aspects, etc.
Upon completion of the construction, the financing can generally be either repaid or refinanced to a structured, longer-term loan.
Plaxo Financial Advisers have the necessary knowledge and experience to assist applicants with the requirements and obligations usually associated with construction lending.
Services
Contacts
Visit Us Daily
5A Crescent Road, Epsom
Have Any Questions?
+64 21681919
Mail Us
kelly@epsomfinanceltd.com
