Real estate blog entries tagged with construction loan by Douglas W. Dowell, JD (Eagles Flight Commercial Capital, Inc.)

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Home : Blogs : Douglas W. Dowell, JD : Eagles Flight Commerical Capital Blog : Tag "construction loan"

construction loan: Construction to Permanent Multifamily Loans - 03/07/08 03:30 PM

One of the best options in the multifamily financing (5+ units) arena is the FHA construction to permanent loan program. The program has may benefits and really only one major drawback.
The benefits are numerous. The loan amount is up to 90% of the cost of construction. The developer can include the developer fee in the 10% down further reducing the cash up front needed. The majority of the construction cost such as architectural, engineering, financing fees are just a few examples of what can be financed in the loan. The loan is non-recourse in both the construction and permanent phases. Once the loan converts … (1 comments)

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Douglas W. Dowell, JD

Lees Summit, MO

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Eagles Flight Commercial Capital, Inc.

Office Phone: (816) 875-3670

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March 2008 (4)

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