Multi Family Family Construction / Renovation
Interest rates are currently 3.5% and that is made possible using a government insured program that’s purpose is to create low to middle income apartments that are kept to a high standard of living.
1 to 4 Family Construction
4.99 % must own land free and clear, 80% of construction costs providing the loan amount is 65% or Below the As Completed Value.
Other programs can be as high as 12% to 15% and may leverage higher.
Renovation funds are also available at these rates , for mixed use or Multi Family.