Ground-up construction is one of the most complex and high-stakes ventures in real estate. The financing required is equally specialized. Construction loans aren’t paid as a lump sum; they are distributed in “draws” as work is completed, requiring constant lender management and inspection.
This unique structure demands a financial partner who understands the development lifecycle. This post details the “must-haves” for a successful construction loan application, the common pitfalls developers face, and how a finance brokerage becomes your most critical partner.
We’ll explain how Global Forex connects developers with lenders who specialize in construction, ensuring your project stays on schedule and on budget from foundation to ribbon-cutting.
