Construction / Development Loan
Contact us to discuss your construction and development financing needs. By evaluating your long-term financing needs at the start of the construction process, you may be able to save. Forward commitments are available to lock-in your permanent financing rate before construction is complete.
Current Rates (05/09/2008)
- Apartments 6.00%
- Mobile Home Park 6.10%
- Anchored Retail 6.25%
- Non-Anchored Center 6.25%
- Single Tenant Retail 6.25%
- Office 6.25%
- Industrial / Flex 6.25%
- Self-Storage 6.55%
- Medical Office 5.90%
- Hotel 6.75%
Rates are based on a $2 million loan, 30 year amortization, 10-year fixed rate term.
Current News
Economy: Atypical Recession - Atypical Recovery
The current recession (whether labeled as such by the NABE) started differently than most. This makes it likely that it will end differently than most. (more in rates and news)