Glossary
Construction loan (recorded mortgage)
A construction loan is a mortgage or deed of trust recorded against a site to fund building on it. The recorded instrument names the borrower and the lender; in Florida and Georgia it also states the amount, and in Florida a notice of commencement usually follows within days.
Why it matters for a lead
A recorded loan says the project is funded before the permit does, and it names the capital partner. Lenders, insurers, sureties and the trades all read it.
Where Groundbreak gets it
Miami-Dade, Broward, Hillsborough and Pinellas Clerks; DeKalb Clerk of Superior Court (security deeds); the four Dallas-Fort Worth County Clerks (deeds of trust).
Related terms
Guides
Questions
- What is a construction loan?
- A construction loan is a mortgage or deed of trust recorded against a site to fund building on it. The recorded instrument names the borrower and the lender; in Florida and Georgia it also states the amount, and in Florida a notice of commencement usually follows within days.
- Why does a construction loan matter for construction leads?
- A recorded loan says the project is funded before the permit does, and it names the capital partner. Lenders, insurers, sureties and the trades all read it.
- Which Groundbreak markets publish the construction loan?
- Atlanta, Miami, Tampa Bay, Dallas-Fort Worth. Miami-Dade, Broward, Hillsborough and Pinellas Clerks; DeKalb Clerk of Superior Court (security deeds); the four Dallas-Fort Worth County Clerks (deeds of trust).