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Testing: After the recession of 2020, commercial construction is ramping up again as developers pursue new business opportunities. This means that more people are turning to commercial lenders to fund new construction or renovations. While this can be an exciting time, it is important to enter the loan and construction process with a clear understanding of how it works, the challenges that will arise, and how to avoid potential pitfalls.
Gaining a deeper understanding of the current market and other important issues related to commercial loans will help you to partner with the right lenders and set yourself up for success.