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Misc
March 28, 2019
Interim Financing
Word of the day
Interim Financing
A short-term loan usually made during the construction phase of a building project; often referred to as a construction loan. Proceeds from the interim loan are disbursed in increments as the construction progresses. Long-term or permanent financing is usually arranged to “take out” the interim loan.
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Written by
John Reilly
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