Construction loans, Commmercial loans, Residential Loans

Last Updated on Monday, 07 May 2012 16:03

Lot/existing property purchase
Soft cost of construction, such as architectural plans, permits fees etc.
Hard cost of construction which is all the actual costs associated with the physical work and labor.
Closing costs, such as loan fees, title fees, real estate taxes, per diem interest and last but not least closing agent fees.
Interest reserve, which is the reserve account that will make the payments on the construction loan during construction.
Contingency reserve, which is the reserve account that will pay of the unexpected cost over runs.

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