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| Construction Development Loans These loans can be used either to construct a new building or renovate an existing facility. Reliable funding is critical to the success of your construction project, and help arrange competitive rates, a generous loan amount and extended payment terms as compared to conventional financing. Program Attributes • Approvals within 10 business days and closings 60 business days • Interest only Bridge Loan Priced Competitively • Streamlined approval process • Loans from $250,000 to $10 million • Permanent loans up to 25 years for real estate • Up to 90% loan-to value financing available • No balloon payments required Eligible Commercial Property Types • Commercial and Residential Development Projects • Existing Leasehold Improvement for Existing Properties Program Parameters • Borrower in business for a minimum of 5 years • Standard Construction Requirements • Minimum 15% Cash Equity in Project • Standard Interest Reserve based on project scope • Funds used to cover both construction costs and certain soft costs associated with a project, including the cost of land acquisition, building construction or improvements, and fees for professional services,appraisals, title work, searches, surveys, your lender and the SBA guarantee if applicable. |
| Let us help provide you with the expertise and knowledge in all aspects of commercial real estate and business financing. Call (866) 231-5457 or email us at: info@cradvisors.us |
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