The thought of constructing a new home, a new building, can be daunting. Involving a lot of money and a lot of effort can be a serious and stressful phase. However, the Commercial Real Estate Loan Pros of Fort Myers can make it easy. Our company helps businesses in finding the right lender who can offer the financing in the given time and at the given rate of interest. Call now to book an appointment, and read along to know more.
What is a construction loan?
It is a loan offered for a short time span and covers the cost of the construction of a building. If your house construction is completed, you can then apply for a mortgage to pay for the completed home.
There are different types of construction loans that are available for home building. So, if you have an area of land wherein you want to construct your building or renovate your place completely without changing the main structure of your home, there is a loan for each requirement.
Construction – only loan
This loan is provided for a term period of one year. This loan covers only the actual construction period. But these loans are quite hard to qualify for as many other requirements need to be fulfilled. Even the interest rates for such loans are higher.
Construction to permanent loans
A prospective home builder can easily apply for construction to permanent loans. These loans are also one-time loans which can be used for the construction purpose, but these loans can be changed to a permanent mortgage. In the initial construction phase, the borrower will make only interest payments.
Though these loans can be expensive, our organization will make sure that we can provide you a deal with minimum interest rates and proper comparison in the market.
What are some of the benefits of construction loans from our organization?
Being a private firm, we can offer you flexibility in the loan terms and conditions. Some of the benefits are:
Bundle closing and purchasing
You can get convenient closing for your construction and permanent loans.
Make flexible payment
You have the choice of making only the interest payments during the construction phase.
Avoid unnecessary headaches
You can be relieved as we take care of most processes, saving you from most hassles.
We try to make sure that our customer gets the best rates and for this high research is done by our experts.
Why choose us?
At Commercial Real Estate Loan Pros of Fort Myers, we provide high-quality consultancy services for the real estate market. We can help you improve your business profits considerably. We have the ultimate aim of making our customers satisfied with visible gains by working with us.
Hence, you can get the best results in an affordable price range. Being in this arena for a long time, you can expect that our professionals are highly trained and well versed. So, contact us today and get some amazing benefits. We will be happy to serve you.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.