Construction Loans Rochester NY
A short-term loan used to finance the building of a real estate project. The builder takes out a construction loan to cover the costs of the project before obtaining long-term funding. Funds are held in a separate escrow account and released according to a draw schedule that is agreed upon between the borrower & the lender.
* Sorry, Tompkins Lending does not provide financing on owner-occupied properties.
115 Liberty Pole Way,
Rochester, NY 14604