Multifamily Construction | Single Family Construction (Revolving) | |
Purpose | New Construction and Rehab of Multifamily Properties | New Construction and Rehab of Single Family Scattered-site and Sub-division |
Loan Amounts | Up to $15 MM | Up to $10 MM |
Term | Up to 36 months | Up to 36 months |
LTV | Up to 95% with Subsidy in Place | Up to 85% |
Repayment | Monthly Interest Only | Monthly Interest Only |
Commitment Fee | Determined on a Case-by-Case Basis | Determined on a Case-by-Case Basis |
Application Fee | $2,000 | $2,000 |
Collateral | 1st Lien Security Interest | 1st Lien Security Interest |
Legal | Paid by Borrower | Paid by Borrower |