Borrowing for property and construction
Fund your next property or building project
Borrowing for property and construction
Whether you plan to buy an apartment building, build homes or refinance a shopping center, BestCitizenBank has property borrowing to suit you. The property options we offer include mini-perm borrowing and construction borrowing.
Mini-perm borrowing
Mini-perm borrowing can be used to buy or refinance apartment buildings, shopping centers, office and medical buildings and industrial/warehouse facilities. It is usually set up with monthly repayments worked out over a 25-year amortization and a term of five to seven years.
Construction borrowing
Construction borrowing can be used for apartment buildings, condominiums, custom homes, single-family tract homes, shopping centers, office and medical buildings and industrial/warehouse facilities. Terms are shaped around how long the build takes and how long it takes to sell or lease the finished property.
Please contact a property specialist at any of our branches to arrange a time to talk about what your business needs.