Financing and Construction

Introduction to Financing New Construction Financing new construction presents a unique set of challenges and considerations, especially in a specific market such as Rhode Island. This process often diverges significantly from traditional loan arrangements, necessitating a comprehensive understanding of the financing landscape. Unlike standard mortgages, which typically provide a lump sum to purchase an existing … Read more

Understanding Draw Schedules A draw schedule is a crucial component in the financing of new construction projects, particularly in New Hampshire. Essentially, it is a structured plan that outlines when and how funds will be released to contractors and builders throughout the construction process. This ensures that the financing aligns with the progress of the … Read more