FINANCING YOUR CONSTRUCTION PROJECT
Construction loan interest rates fluctuate along with market interest rates, which are largely determined by the Prime rate and the LIBOR rates. A fair construction loan interest rate is typically the Prime rate plus one or two percent. THE FOUR MAJOR TYPES OF PROJECT COSTS When planning your project and asking for loans, you’ll need to ...
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www.korteco.com• The organization’s capital improvement plans, such as new construction, expansion or renovation of facilities. While that last point is most immediately related to a construction project, capital improvement plans cannot be made without a full understanding of the other points included in the list above.
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