Sentences with phrase «payments during the construction»

Other funding sources include: $ 341.5 million of senior bank debt proceeds, $ 80.3 million in equity contributions, FDOT milestone payments during construction totaling $ 100 million, and FDOT development funds totaling $ 209.8 million.

Many lenders also require a 20 % down payment for a construction loan, and no lender will approve a loan unless they're confident the borrower can make the monthly interest payments during construction.

Up to 12 months of interest - only payments during construction, followed by a standard 10 - year repayment term

Payments during construction will be based on the outstanding drawn balance and will be drawn from interest reserve if applicable, otherwise payment will be due.

Enjoy interest - only payments during the construction period, up to 12 months; amortizing payments begin after construction period ends

Up to 12 months interest only payments during construction period.

With the two - per - cent down program, buyers still need to make monthly payments during construction, «but the monthly payment of $ 512 / month would go towards paying off your own home and making up the difference of a per cent down payment,» says the release.

The lender will determine whether you can afford the loan payments during construction while you're paying the rent or mortgage on your current home.

Not exact matches

During construction, the borrower will make interest - only payments on a schedule that follows stages of the home's construction progress.

During construction, program allows borrower make interest - only payments on the funds disbursed along with taxes and insurance.

During the construction period, you will usually make interest only payments to the lender, based on the amount you have used (drawn) so far.

However, borrowers using the Standard 203k can add up to six months of mortgage payments to their construction loan for the period during which the home is uninhabitable.

During the construction period, you will be making interest - only payments on whatever amount has been drawn by the builder (generally during the first 12 moDuring the construction period, you will be making interest - only payments on whatever amount has been drawn by the builder (generally during the first 12 moduring the first 12 months).

Most lenders collect an interest reserve to cover the interest payments for the first 9 months during the construction process.

Payments are interest - only during the entire construction period, and when building is complete, your construction financing is simply rolled into your mortgage.

There are no payment requirements during the construction period.

Also there are many commercial gains to a community during wind farm construction: lease payments to land owners, work for local contractors, business for hotels, restaurants and providers of accommodation, etc..

The comprehensive settlement agreement provides the First Nations people with contracting opportunities for construction of the facility and a commitment to provide employment during the construction and operations phases and provides an ability to get some benefits in the form of ongoing payments throughout the life of the project.

Reviewed contractors» applications for payment, change orders, test reports, construction schedules and other construction documents issued during construction.

A percentage of the interest portion of every Community Hero Mortgage payment — up to $ 500,000 during the next five years — will help fund the construction of new homes.