TYPES OF COMMERCIAL CONSTRUCTION LOANS AVAILABLE
Commercial - We can offer construction programs for the purchase of real estate and construction of your building plus financing equipment, inventory and operating expenses for owner occupied properties such as - gas station/convenience stores, automotive repair, car washes, restaurants, day care, light industrial, office, warehouse, hotels, medical, bowling alleys, and many other types of owner occupied properties.
The loans may be structured for an interim period of interest only payments for up to 2 Years, and once the construction is complete the loan would automatically convert to the permanent loan with terms up to 25 years. Up to 90% of the total project cost is available, $150,000 minimum and up to $20,000,000 in value, 600 plus mid scores required.
Development Projects - including single family and multifamily properties, subdivisions, condo projects, financing available for land acquisition, development, construction, from $1 million to $10 million, one time close available, full doc and stated income depending on the project and financials, 55% to 95% loan to value range, 25 and 30 year amortization, minimum 620 mid score required.
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