Construction Loans Explained: From Closing to Your Final Draw

You found the project. The numbers work. Now you need to finance the build. What actually happens next? Construction loans don't work like traditional mortgages. From getting the deal approved to closing, accessing construction funds through draws, completing the project, and eventually exiting the loan, there are several moving pieces builders need to understand. In Episode 52, Mike Chadwick Jr. walks through the construction loan process step by step so you know what to expect before your next project starts. Understanding the process upfront can help you avoid one of the biggest problems a builder can face: Having the financing become the reason construction slows down. In this episode, Mike covers: What lenders evaluate before approving the project How the loan is structured What happens at closing How construction funds are held How the draw process works What happens as construction progresses Planning for your eventual exit If you're preparing for a ground-up construction project, knowing how the money will actually move through the deal is just as important as knowing how much you've been approved for. Have a construction project you want Mike to look at? 📩 michael.chadwick@ablfunding.com #constructionloans #builders #constructionfinancing #hardmoney #realestatedevelopment