Definition of "Development loan"

John Lorson real estate agent
John Lorson, Real Estate Agent Fathom Realty

Loan used by a developer for the purposes of paying development costs. A development loan is paid by unit sale proceeds. See also construction loan.

 

Need help from a real estate agent?


Buy Sell Rent

I agree to receive FREE real estate advice.

Are you a real estate agent?


Residential Rental Commercial

I agree to receive FREE real estate advice.

Have a question or comment? We're here to help.

 

*** Your email address will remain confidential.

 

Popular Real Estate Terms

Popular Real Estate Questions