Construction Loans
Short term, interim loan used for financing the cost of construction. The lender advances funds to the builder at periodic intervals as work progresses. If you’re interested in obtaining a new construction loan from Allied, contact us today.
The construction loan is typically taken out via permanent financing.
Criteria & Guidelines
Loan terms generally 12-36 months
Partial disbursements are funded on a scheduled basis (“draws”)
Rate typically priced over LIBOR on a floating rate basis
Full recourse
The pricing, terms and conditions of a loan vary depending upon the lender, property type, leasing status and overall market conditions. Understanding the real estate market, its economics and trends, combined with a strong network of lenders consisting of Life Insurance Companies, Banks, Wall Street Conduits, Agencies, Pension Funds and Private Equity Funds, allows Allied to provide its customers with the most competitive financing available today. Allied can secure financing for cmmercial loans as low as $100,000 to $5,000,000 through its small loan programs, as well as larger deals ranging from $5,000,000 and up with No-Maximum.
If you’re looking to get a construction loan for your next project, contact us today by Email or call (267) 939-7339!
