Frederick A. Lurie

Construction Law

Construction Contracts, Construction Defects, Construction Liens, Construction Litigation

Real Estate Law

Commercial Real Estate, Condominiums, Easements, Eminent Domain, Homeowners Association, Land Use & Zoning, Mortgages, Neighbor Disputes, Residential Real Estate, Water Law

Business Law

Business Contracts, Business Dissolution, Business Finance, Business Formation, Business Litigation, Franchising, Mergers & Acquisitions, Partnership & Shareholder Disputes

Foreclosure Defense

• Mechanics Lien Litigation
• Commercial Lease Disputes

• Free Consultation

Illinois

Since 1982

Trial Bar, U.S. District Court Northern District of Illinois

Since 1990

U.S. District Court Northern District of Illinois

Since 1982

Law Offices of Frederick A. Lurie

Current

DePaul College of Law

J.D.

1982

Lake Forest College

B.A. | Philosophy, Sociology & Anthropology

1978

American Bar Association

Member

Current

ABA Forum on the Construction Industry

Member

Current

Construction Claims Network

Member

Current

Construction Law Group

Member

Current

Construction Lawyer Network

Member

Current

Construction Lawyers Only

Member

Current

J. Reuben Clark Law Society Construction Law Section

Member

Current

McGraw Hill Construction Events

Member

Current

Illinois State Bar Association

Member

1988 - Current

Chicago Bar Association

Member

1982 - Current

Q. What's unique about a construction mortgage?

31 October 2018

A: Construction loans are designed to be short term, only for the duration of the construction project. The loan funds are usually disbursed in installments as the project progresses. There is typically a construction escrow set up at a title company which disburses the funds to contractors and requires the submission of a variety of documents before each installment is distributed. Repayment of the loan is generally not due until after the project is completed and then it is typically paid with an end loan i.e. a standard 15, 20 or 30 year mortgage loan.

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