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Construction

Loan Guidelines

Amount $10 million to $50 million
Rate Fixed or floating 7.0% to 10%
Amortization Interest only available
Purpose Construction
Loan To Value Up to 80% LTV
Loan To Cost Up to 80% LTC
Loan Term 3 to 5 years
Loan Fee 1% to 2%
Guarantees Recourse and nonrecourse. Completion Guarantees required