203k vs. construction loan

[Steven J.]

I talked with a lender today who doesn't do 203k but instead does construction loans. I'm curious as to what the advantages are over using a construction loan is versus the 203k. What I got out of the conversation was that the 203k was too much work - but it seems like the same amount of work some HMLs do. I can think of @Travis Sperr of Pine Financial in CO and MN who help do this. I believe Pine gets an itemized list of ALL the repairs needed and hands out the money once jobs are completed in a certain order.

And lastly is 203k only FHA, or can you get that on a conventional as well?