Last reviewed 08-20-2026Short-Sale.com Editorialglossary

TAKE-OUT LOAN

California Department of Real Estate

Updated 08-20-2026

TAKE-OUT LOAN

The loan arranged by the owner or builder developer for a buyer. The construction loan made for construction of the improvements is usually paid in full from the proceeds of this more permanent mortgage loan.

California Department of Real Estate Glossary

California Department of Real Estate · p. 32

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