End Loan

It may sound apocalyptic, like a loan in anticipation for The End of Days. But the "end" implied by an "end loan" is much more hopeful: the end of a construction project.

To pay for the creation of a new building, companies will typically use short-term construction loans. Later, they set up the end loan, which represents longer-term financing. The funds for the end loan pay off the interim loans used for the construction. The end loan then has a more extended term, allowing the cost to be spread out over a longer period of time.