Local banks are usually good for construction loans for multi- families. Their rates on regular loans are higher than other lenders, and their amortization schedule is usually shorter. (In other words, they want the money back sooner.) They typically write their loan over a 20-year period instead of a 25- or 30-year period. If you are doing a construction loan for a repositioning, you’ll need to use local lenders.
If you want to change selection, open document below and click on "Move attachment"
pdf
owner:
Redemption - (no access) - [David_Lindahl]_Multi-Family_Millions_How_Anyone_(b-ok.org).pdf, p57
Summary
| status | not read | | reprioritisations | |
|---|
| last reprioritisation on | | | suggested re-reading day | |
|---|
| started reading on | | | finished reading on | |
|---|
Details