A construction loan is a short-term loan used to finance the building of a home or other real estate project. It covers costs such as the purchase of land, materials, and labor until the project is completed.
In real estate, a model often refers to a prototype or example property that is used to simulate potential outcomes of a real estate project. Utilizing models helps developers, investors, and other stakeholders visualize and anticipate project results.
In the context of real estate, a syndicate is a group of investors who pool their capital to invest in larger properties or projects than they could individually. Syndicates are typically organized by a syndicator who manages the investment on behalf of the group, aiming for shared profits.
