A construction loan is a short term loan that is used to help finance the cost of a building or real estate project. The loan is designed to cover the costs associated with the project before obtaining more long-term funding. Once construction is completed, many people refinance this loan into a permanent mortgage.

Typical Documents for a Construction Loan:
Loan Application
Borrower Authorization
Bank Statements
Picture ID
Loan Submission Form
Home Owners Insurance
Mortgage Statement for Payoff Information
Purchase Agreement (Contract)
Construction Budgets & Plan

If Corporation:
Articles of Incorporation
Bylaws
Statement of Information
Form W9

If LLC:
Articles of Organization
Statement of Information
Form W9