7m construction loan
for Washington Plaza, a 120,000-square-foot retail center anchored by J.
Banks provide the short-term, floating-rate financing and associated construction loan
administration through completion of the project, lease-up and stabilization.
We've got about another 60 days until we start funding the construction loan
,'' he said.
Additionally, the bank has invested in advanced training for 31 of its construction loan
officers, located throughout its footprint, to receive the certification necessary to issue these types of construction loans
The borrower nneded a short-term bridge loan as the closing of their committed construction loan
Kite Realty Group Trust (NYSE:KRG), a real estate investment trust, has closed a USD23m construction loan
for the redevelopment of its Four Corner Square property in Maple Valley, Washington (Seattle MSA), it disclosed on Thursday.
With TCL, lenders can easily, economically and effectively manage each construction loan
from acquisition through development and construction, according to the company.
The construction loan
servicer rating reflects KBREC's extensive history of construction loan
administration and servicing, its experienced and tenured management and staff, and the financial resources provided by KeyCorp.
Related has already reportedly collected $600 million from investors through the EB-5 program, as well as a $475 million construction loan
originated by Starwood Property Group which includes member organizations of the United Brotherhood of Carpenters and Joiners, along with Oxford Properties Group.
Umpqua Bank received more than USD25m in custom construction loan
applications in the first half of 2010.
CHICAGO -- Fitch Ratings assigns Wachovia Securities (Wachovia) a construction loan
servicer rating of 'CCLS3+'.
The agreement with Trimont equips Amalgamated with access to top talent in loan sourcing, credit underwriting and construction loan
servicing, thereby enabling the bank to expand funding for the construction and rehabilitation of affordable homes for working families.