construction to permanent loan

construction to permanent loan

A construction loan with provision for automatic conversion to a fully amortizing permanent loan upon completion of construction.

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Progress Capital Advisors | The Funding Source was tasked with arranging an $11 Million construction to permanent loan in order to renovate a decaying Sandy damaged 52,000 s/f mixed use building in Coney Island, NY.
com)-- Progress Capital Advisors | The Funding Source was tasked with arranging an $11 Million construction to permanent loan in order to renovate a decaying Sandy damaged 52,000 SF mixed use building in Coney Island, NY.
Northmarq Capital's New Jersey office negotiated a $192,000,000 construction to permanent loan on URL[R] Harborside 1.
Given the 30 month estimated construction period, the borrower wanted to take out interest rate risk and requested a construction to permanent loan where the interest rate was locked at application.

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