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Construction Loans
Construction Loans typically require "out of
the box thinking," and Blackstone is fully
capable of explaining the current landscape
for these mortgages. 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:
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Commercial Real Estate Construction:
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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 |
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While exceptions are possible,
generally from one-to-three years |
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Rates are floating, generally a margin
over prime or LIBOR |
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Amortization is interest-only, pending
property stabilization |
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Follow these links for more
information about our Residential
Loans |
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