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Construction Loans
(“If you build it they will come”)
Ground-up construction loans are needed by the borrower to build on vacant land which is owned and suitable for buildings such as Single-Family, multi-family units. It is in effect, a “Residential Loan”.
Flexible terms are often provided for a large number of commercial construction projects including the following property types:
RB Solutions obtains funding for several kinds of construction financing:
Land Development Loan
Land development financing is suitable for several types of properties including stalled sub-divisions and bank owned properties.
Interim Construction Loan
This is a construction loan and term closed simultaneously. This financing pays for the labor and materials used during construction. This loan converts to permanent financing once construction is completed.
Takeout Loan
This loan can provide financing on a project in which a temporary loan already exists.
Contact an RB Solutions strategist in order to determine what type of loan is most advantageous for you.
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