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Pre-construction interest is an interest charge assessed on a loan prior to the loan being funded. It is charged in cases where money is borrowed to pay for a project before it is completed, such as to fund the purchase of materials or labor in anticipation of the project's completion.
Pre-construction interest is an interest charge assessed on a loan prior to the loan being funded.
It is charged in cases where money is borrowed to pay for a project before it is completed, such as to fund the purchase of materials or labor in anticipation of the project’s completion.
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