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Posted by
FundNopolis (Thursday, February 18, 2010) OUR CAPITAL PARTNERS SEEK TO DEPLOY FUNDS FOR CONSTRUCTION PROJECTS |
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Borrowers often require follow-on financing when a construction loan comes due, and so lenders sometimes offer construction-to-permanent loan programs that provide construction loans during the building phase and longer-term fixed-rate financing that kicks in upon issuance of the certificate of occupancy. This two-in-one loan process tends to be more convenient and less costly for borrowers in that there is only one loan application and one closing, with associated fees, instead of two. Because of the complexity of construction loan financing, borrowers may find it difficult to compare construction-to-permanent loan financing with the two-loan process. That's where I can help.
Please shoot me an email (FundNopolis@Gmail.Com) if you're in the market for a construction loan and we can make this next project a success. |
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