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