A construction loan allows you to build your own home rather than purchasing an existing home. The plus side is that you can design your new house to fit your exact needs on a piece of land you chose on your own. The downside is that getting a construction loan is more complicated than a.
Construction loans are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate. The rates on this type of loan are higher than rates on.
Fmc Lending, Inc. is a Full Service Private Money Direct Lender focused on funding Equity-Based deals fast through custom designed financing structures for Residential, Multi-Family, Land, Commercial and Construction loans. We believe in "Make Sense" underwriting rather than just looking at ratios and numbers.
KeyBank has secured $38.4 million for the construction of an affordable community in Austin, Texas. The project, dubbed Del Valle Apartments, will be developed in a public-private partnership.
A construction loan is a short-term loan-usually about a year-used to fund the construction of your home, from breaking ground to moving in. With a BB&T construction-to-permanent loan, your construction financing simply converts to a permanent mortgage when your home is complete.
today announced that it has closed a senior secured term loan facility (the "Facility") for up to $100 million with Crayhill.
The loan is the second financing deal secured with AIG for One Park, coming on the heels of a $71.6-million construction loan.