Exactly About Construction Loans Financing – Apartment Multifamily

Exactly About Construction Loans Financing – Apartment Multifamily

7 Construction Apartment Loan Programs – over 100 sources that are direct

With 7 Construction programs to pick from, and over 100 direct financing sources, Apartment Loan will match you utilizing the Multifamily construction loan system that’s right for you personally.

Apartment Loan Store has specialized in commercial construction financing since 1997. We do construction loans for: Apartment Buildings, Senior Housing/55 and older Communities, Student Housing, and Independent/Assisted residing Senior Housing.

Do you realy Be Eligible For A commercial construction loan?

Apartment/Multifamily Construction Loan Programs (5 + Devices)

1. FHA New Construction or Major Rehabilitation – 85% – 87% of Cost, Non-Recourse Construction and Perm Loan

Minimal Loan: $5,000,000 Maximum Loan $25M and above

85% of price for Market Rate Developments, 87% of Cost for Affordable Housing

Construction Loan rolls over seamlessly to 40 12 months fixed price perm loan

Perm Loan Term: 40 Years, Amortization 40 years

Extremely minimal 40 fixed rate year

1. 5 years after completion for absorbtion/stabilization

Perm loan rate is locked ahead of construction

Non-Recourse construction and perm loan

No Tax Returns Required

FF&E might be financed

Draws (average bi-monthly)

No minimum Web Worth Requirement

Minimal Post Closing Cash Requirement

Good Credit Required

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