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re: Can someone help me understand how construction loans work?

Posted on 4/4/24 at 7:22 am to Random MsState Fan
Posted by thatguy777
br
Member since Feb 2007
2386 posts
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Posted on 4/4/24 at 7:22 am to Random MsState Fan
It depends what it appraises for, but in my experience its going to appraise for the land value plus construction costs. So if land was 10 and construction 170 you will get 153.
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