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 (07/30/2010)
- Apartments 4.84%
- Mobile Home Park 5.04%
- Anchored Retail 5.49%
- Non-Anchored Center 5.14%
- Single Tenant Retail 5.09%
- Office 5.14%
- Industrial / Flex 5.04%
- Self-Storage 5.44%
- Medical Office 4.94%
- Hotel 6.94%
- Owner Occupied 4.94%
- Land 8.94%
- Other 6.69%
Rates are based on a $2 million loan, 25 year amortization, 10 year fixed rate term. For apartment complexes, a 30 year amortization is available.
Current News
The Second Quarter Ended on a Soft Note
The economic data out of Europe also brightened significantly, reducing market fears of a double-dip in Europe.