Sentences with phrase «construction lender»

Construction lenders provide loans for new construction, rehabilitation, renovation and permanent financing of income - producing properties.

We do engage in development, apartments mainly, and for the right sponsor and the right project with our involvement we tend to get a good reception from construction lenders.

We have competitive financing options, experienced construction lenders, and a smart draw process that your builder will appreciate.

That's because construction lenders have become much more conservative.

Construction lenders seemed on the brink of tightening their lending standards earlier this year.

But apartment development is really the only property type where you're seeing development and seeing construction lenders vying for the best parts of that business.

Construction lenders provide loans for new construction or rehabilitation / renovation projects.

As a premiere construction lender in Southern Maine for 68 years, you can be assured we will work with you, enabling you to achieve timely completion and delivery.

Wells Fargo is the private construction lender providing credit enhancement for the tax - exempt bonds.

Macatawa Bank has experienced construction lenders who specialize in single closing construction / permanent products.

Successfully represented a design and engineering firm in a trial against the project owner and construction lender concerning the validity and priority of its mechanic's lien over encumbrance of mortgager; obtained judgment for full amount and first priority of the lien, plus a substantial award interest and attorney's fees.

The interest rates offered by construction lenders seem likely to stay very low, even after the Federal Reserve raises its benchmark interest rates, as it seems increasingly likely to.

As construction lenders reign in new lending and equity investors become more cautious, we expect the current development pipeline to shrink.

«If there has been any slight cooling, it might be in construction loans for multifamily, but even with that there is still an active group of construction lenders in the market.»

Dominion stopped the foreclosure and through its negotiations with the existing construction lender, the project got back on course towards successful completion.

When presale requirements from construction lenders demand selling a condominium a year or two before delivering, the revenues get set while the construction costs can remain variable, exposing the developer to risk.

Montegra will consider financing a loan for the purpose of finishing a small portion of a larger construction project if the initial construction loan did not provide sufficient funds to finish and the initial construction lender will not provide the additional funds required.

With that lease, construction lender Cleveland - based National City Bank increased its loan to about 86 percent of the cost of the two - building project.

We noticed a demand for additional construction lenders due to increasing construction requests for ground up build to repositioning obsolete facilities.

The builder reaches a certain milestone, such as finishing out the plumbing and electrical and the construction lender sends an inspector to the job site and verifies that yes, the plumbing and electrical have been completed and another round of funds are disbursed.

In this case, the borrowers claimed damages of $ 1 million because their construction lender allegedly breached the implied covenant of good faith and fair dealing by failing to adequately approve and fund construction costs.

Tags for this Online Resume: Interim Construction Lender, Residential Construction Lender, Market President, Branch President

On a motion for partial summary judgment, the court agreed that the construction lender owed no duty of care whatsoever to purchasers of units in the condominium or to the condominium corporation itself.

But this spring, demand for apartment properties continued to grow, powering yet another strong season of rising rents — and construction lenders are eagerly making loans to new development projects.

In addition, construction lenders might force some discipline among eager developers with big plans and building permits to start construction.

My land contract document states that the buyer / borrower will abide by all local / federal laws, will follow any / all use restrictions, and in most cases — if they were going to build something on the property, their construction lender would require that the land contract be paid in full before proceeding (because I always cloud the title with a «land contract memorandum» when we close on the deal upfront).

The project failed and the construction lender foreclosed.

In the net lease sector, a single tenant, triple net lease developer often works with a construction lender that will lend 80 percent loan to cost.

50M 80 3YYYYYY YYYYYY YYYY YYYYYYYYY Direct Lender CA Direct bridge & construction lender from $ 2M - $ 50M up to 80 % LTV.

There's no easy way to find a construction lender.

If WA law allowed a condo developer to collect 10 to 15 - percent of the purchase price and then pledge those deposits to the construction lender, more lenders would be willing to fund condo developments and more developers would be able to raise the balance of the equity required to build.

There are commercial lenders, construction lenders, residential lenders and more.