Construction Loan Snapshot

From Open Risk Manual

Definition

Construction Loan Snapshot. Information at a point in time, specific to a Construction Loan.

This covers the "Loan advance to date" amount, which will have a current value on any given day and which will vary over time, as milestones are passed and additional advances drawn down.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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