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What Is a Home Construction Loan – Process & How to Qualify – Typically, construction loans are variable rate loans, and the rate is set at a “spread” to the prime rate. Essentially, this means that the interest rate is equal to prime plus a certain amount. If the prime rate is 3%, for example, and your rate is prime-plus-one, then you would pay a 4% interest rate (which would adjust as the prime rate changes).
Tech CU Provides $20.5 Million Construction Loan to Cypress. – Tech CU Provides $20.5 Million Construction Loan to Cypress Group to Build Luxury Apartments Near Downtown Willow Glen.
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Rise Koreatown Apartment Development Receives $154 Million in Construction Financing via Walker & Dunlop – BETHESDA, Md., Nov. 2, 2018 /PRNewswire/ — Walker & Dunlop, Inc. announced today that it arranged construction financing in the amount of $153,750,000 for Rise Koreatown, a seven-story, Class A.
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Apartment Construction Begins to Slow Down – Apartment building developers may finally take a breather in their. They cut back on the size of the loans they are willing to make, relative to the total cost of the project. They have also become.