A Building Loan Agreement is a contract where the lender advances funds to the property owner at specific construction milestones, ensuring continuous cash flow during various construction stages such as foundation completion and framing.
A general contractor is an individual or firm responsible for overseeing the construction and management of a building or other improvement projects for an owner or developer, often utilizing subcontractors.
An owner is an individual or entity that holds legal title to property, encompassing ownership, dominion, or vested title of said property.
