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As difficult as it was, we had been getting positive results. We could create live renderings onto the fly, we knew exactly what the building was actually going in order to like all of us knew where design problems were building up. We even made money on our architectural fees now and again. So how did this problem occur?

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Go back off the chart and find closing costs on market loan. You can verify impacted by with any local lenders, but let us assume your closing cost will be 2% on the construction loan. Multiply your construction loan of $175,0000 times 2% or.02. That equals $3,500 in expenses on the construction loan.

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