building loan

A type of bridge loan used primarily for erecting a building.

• The loan is typically advanced in parts as work progresses and is used to pay the contractor, subcontractors, and material suppliers. See interim financing under FINANCING.

---

词条贡献者

资深译员Barbara，毕业于国内顶尖的高级翻译学院，擅长翻译各类与兼并收购相关的法律文件。