Apartment Construction Financing
Apartment construction financing can be a complex process. Our apartment financing specialists will work closely with you at ever step of the way.
During the apartment construction financing process, your project will face several important tests. The first test is the profit test, which estimates of the value of your finished project, specifically will it be worth more than it cost to build. Similarly, a Loan-to-Value Ratio test will determine, once a project is completed and the commercial property is occupied, the construction loan will be a certain percentage loan-to-value. Usually, up to 80% loan-to-value will be allowed, which will depend on the borrower's credit, cash flow, and various other factors. Depending on the borrower's qualifications, additional equity may be obtained through a mezzanine loan.
Please call us today at 1-800-595-1474 to discuss your project in detail with an experienced apartment financing specialist. We measure our success by the success of our clients.