I realize there are similar threads on temporary financing, home improvement, etc. but many of them cover property being razed, etc. I'm hoping for some direction/confirmation...
We have a handful of dwelling secured loans that we end up doing a construction loan for as the improvements are substantial. There IS intended to be an end loan replacing the construction loan. I understand that we can only 'construct' a dwelling once, but does this still qualify under the temporary financing exemption as it is designed to be replaced? or home improvement?