Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

building loan

Read a random definition: cash-transaction report

A quick definition of building loan:

A building loan is a type of loan used to help pay for the construction of a building. The loan is given in parts as the work progresses and is used to pay the contractor, subcontractors, and material suppliers. It is a type of bridge loan, which means it is used temporarily until more permanent financing is arranged.

A more thorough explanation:

A building loan is a type of bridge loan that is primarily used for constructing a building. The loan is usually given in parts as the work progresses and is used to pay the contractor, subcontractors, and material suppliers.

For example, if a person wants to build a house, they may take out a building loan to pay for the construction costs. The loan will be given in stages as the work progresses, and the borrower will use the funds to pay the builder, electrician, plumber, and other contractors.

Building loans are a type of short-term financing that is used to cover the costs of construction until more permanent financing is arranged.

building line | building permit

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.