Interest only during the construction period. Loan will be rolled over to fixed rate based on the same spread when the operation is stabilized. Multifamily, Office, Mixed Use Properties, Retail, and Industrial. Nationwide, prefer major Metropolitan areas. The entire loan amount will be fully funded at closing and will be held back with the exception of the initial draw.
Monthly draw is permitted.
Interest only during the construction period. Loan will be rolled over to fixed rate based on the same spread when the operation is stabilized.