CONSTRUCTION LOAN EXPERIENCE???

I did one in 1998. It was pretty loose by today's standards but the draw done by the Contractor were based on completion points. With that being said the weather could not have been better during the build and there were no major delays....

I have a great relationship with the bank, builder, and all involved. There was never a second of any questioning about anything done. In fact my build experience was probably 1 in a million and it all went so easy really.

To the question you are probably asking about closing if you went over the predetermined completion date we had to pay more interest. And secondly there was only 1 closing..... we finished a few weeks ahead of schedule so we did not have to go through that.

Good luck,
JW