The total amount of time in months or years that is agreed between Lender and Borrower that the monies can be borrowed for. However, more specifically in Development Finance, it is the Build Term + the Sales or Re-finance period.
The total amount of time in months or years that is agreed between Lender and Borrower that the monies can be borrowed for. However, more specifically in Development Finance, it is the Build Term + the Sales or Re-finance period.