Construction Loans

What Are Construction Loans?

Construction loans are short-term bridge loans that can be used to cover the costs associated with constructing a building. Building materials, contractor labor, permits, and professional fees are only a few of the essentials covered by a construction loan. The borrower will need to provide the lender with a construction timeline, detailed plans and a realistic budget. 

This type of loan usually lasts no more than two years, after which the borrower will typically refinance the construction loan into a more permanent mortgage. 

If you are looking for a Construction loan lender in and around Connecticut, Westchester County and Long Island, contact us today!

Single-Family Property Construction Loans

Single-family construction loans provide bridge financing on already purchased residential lots on which a single-family home will be built.

Multi-Family Property Construction Loans

Multi-family construction loans are the ideal type of loan to get if you are looking to fund the construction or rehabilitation of a multi-family property you’ve already acquired. 

Construction Loans in Connecticut, Westchester County, and Long Island

Interested in a single-family or multi-family construction loan? Get started by giving us a call today at 212.330.9000 or by filling out our form.

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