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Commercial Construction Mortgages

Commercial Construction Mortgages

Finance property development or buildings for your own use or resale

At a Glance

This loan can help you finance construction of a building for your own use. Plus, they can help you finance development of a property for resale if you have a strong and successful history of property development and a solid personal financial condition.

Features

Permanent mortgage with loan amounts from $100,000 to $5,000,000.
Terms up to 2-years followed by up to a 10-year permanent period.
Interest only payments during construction.
All mortgages not granted in individual name(s) will require the guaranty of the principal(s).
If a building is owner occupied, the business will also guaranty the loan.
Advances for Commercial Construction Mortgages will be based on a pre-approved schedule.
Collateral: first position on the property.

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