JB Cross Construction Law
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In Arkansas, the stated purpose of the loan can change the materialmen's lien priorities. In the case of a mortgage with the stated purpose of funding for a construction project, a special priority is granted. We will discuss how a construction lender can take advantage of this priority and protect itself from an uncertain construction climate. There have been a number of changes in Arkansas law over the last few years that have materially changed the landscape faced by a construction lender.