San Jose California Construction Loan Financing Term Sheet is a document that outlines the terms, conditions, and details of a construction loan for real estate projects in San Jose, California. It serves as a preliminary agreement between the lender and the borrower, providing crucial information about the loan and its repayment terms. Here are some relevant keywords and different types of San Jose California Construction Loan Financing Term Sheets: 1. Construction Loan: A loan specifically designed to finance the construction of residential, commercial, or industrial properties. 2. San Jose, California: The city in Northern California known for its booming real estate market and vibrant economy. 3. Financing: The process of obtaining funds or capital for a specific purpose, in this case, construction projects in San Jose. 4. Term Sheet: A document that outlines the main terms and conditions of a loan before the final agreement is reached. 5. Loan Amount: The total amount of funds that a borrower can borrow from the lender for construction purposes. 6. Interest Rate: The percentage that the borrower will pay on top of the loan amount as interest over the loan term. 7. Loan Term: The duration in which the borrower is expected to repay the construction loan. 8. Repayment Schedule: A detailed plan specifying the periodic payments the borrower must make to pay off the loan over time. 9. Collateral: The property or assets used as security for the loan, which the lender can seize in case of default. 10. Loan-to-Value (LTV) Ratio: The ratio of the loan amount to the appraised value of the property. This indicates the risk associated with the loan. 11. Draw Schedule: A timeline included in the term sheet that outlines when and how the loan funds will be disbursed during the construction process. 12. Completion Guarantee: An agreement ensuring that the construction project will be completed, protecting the lender's interests. 13. Interest Reserve: A portion of the loan funds set aside to cover the interest payments during the construction phase. 14. Contingency Amount: A reserve fund allocated to cover unforeseen expenses or cost overruns during the construction project. 15. Personal Guarantees: A commitment by one or more individuals associated with the borrower, holding them personally responsible for the loan repayment. 16. Recourse/Non-recourse Loan: A term indicating whether the borrower or the project itself will be responsible for the loan repayment in case of default. 17. Construction Loan to Permanent Loan: A term sheet that outlines the transition from a construction loan to a permanent mortgage after completion of the construction. 18. Owner-Builder Construction Loan: A specific type of construction loan designed for individuals or entities who will act as both the property owner and the general contractor for the project. 19. Spec Home Construction Loan: A loan provided for the construction of a speculative residential property, intended for sale upon completion. 20. Commercial Construction Loan: A loan specifically tailored for the construction of commercial properties, such as office buildings, shopping centers, or hotels. These keywords and types of term sheets illustrate the various aspects and options involved in San Jose California Construction Loan Financing Term Sheets, providing a comprehensive understanding of the financial agreements related to construction projects in San Jose.