Commercial Construction Loan
Apartment Loans_______________________________________ |
| Geographic Preference: | United States and its territories |
|
commercial construction loan Property Types: |
MultiFamily Loan, Apartment Loan, Senior Apartment Loans, Congregate Care and Assisted Living Loan |
| Loan Amount: | $6 million minimum - $100 million maximum |
| Loan Term: | 40 years fully amortized |
| Loan to Cost: | Up to 90% of Loan To Value |
| commercial construction-permanent loan Interest Rates: | Fixed for the full term - currently in 6.5% range Mortgage insurance - 0.5% |
| Features: | Assumption with approval
Non-recourse
No rent restrictions
No limitation on owner's return |
| Requirements: | Market Study and Appraisal to support the project occupancy and rents |
| Commercial Construction Loan Fees: | Borrower pays all application, inspection, underwriting, and third party costs |
