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> Real-estate timelines are long. Think thirty year mortgages. I'm not sure this one applies. The bank holds the thirty-year debt, the builder gets the money i
by post-it 3y ago
> Real-estate timelines are long. Think thirty year mortgages.
I'm not sure this one applies. The bank holds the thirty-year debt, the builder gets the money immediately.
- some_furry 3y agoNot always immediate. Sometimes it's milestone-dependent, which can take months/years.
- brudgers 3y agoThe builder builds on land that abides the real estate market conditions I describe. The builder typically is paid via bank loan. The loan is originated only under the bank’s expectation the resulting improvements are mortgageable.