Development Loan
/ˌdɛvələpˈmɛnt loʊn/
Definitions
- (n.) A loan provided specifically to finance real estate projects or business ventures during their development phase.
The developer secured a development loan to fund construction before sales began.
Forms
- development loan
- development loans
Related terms
See also
Commentary
Development loans usually have specific disbursement schedules tied to construction milestones and often require detailed project plans and budgets.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.