Construction Loans typically require "out of the box thinking," and Blackstone is fully capable of meeting those needs. There are many challenges that a borrower could face during construction or within the construction-to-permanent time frame. Our experience and database of lenders will prove to be your greatest assets for all phases of your project. Below is a sampling of guidelines:
Commercial Real Estate Construction:
- Maximum loan-to-value of 75%-80% of total project cost. Terms may become more favorable if the land has already been acquired and if free of debt.
- While exceptions are possible, term are generally from one-to-three years.
- Rates are floating, generally a margin over prime or LIBOR.
- Amortization is interest-only, pending property stabilization.
Please apply now for one of our commercial real estate lending solutions, or call us at 1-866-879-1100 to speak with one of our financial counselors.
Please apply now for one of our Construction Loans, or call us at 1-866-879-1100 to speak with one of our financial counselors.
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