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A little history of my in time the Construction industry can provide you an insurance policy of my expertise in this field. I've been involved in the Construction industry a lot more than forty years starting as general a general laborer than working in plumbing than teaching than being a superintendent finally a construction manager/consultant. I have worked on commercial projects ranging in cost from $10,000 to $30,000,000.

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When these layoffs occur, you have several people jobless. When you have people from the construction industry out of work, they typically each day stay rrnside the industry somehow. Therefore, what you end up with is possibly a construction engineer job being taken by someone who used to operate a job site. In addition, you will have a site electricians position being applied for by a plumber. It's not uncommon for others to switch trades when jobs are scarce.

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A: Quick answer a massive "yes." Will be the major exceptions for this as well, but most bankers want the land as primary collateral they've got at earliest. Yes, and they'll want first position on that land during the Construction treatment. In some cases, the bank will count the land as part or the vast majority of the 20% down payment requirement.

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