Real Estate and Construction Loans
Whether you are planning to purchase an apartment building, build
homes, refinance a shopping center, or develop a parcel
of land, Preferred Bank has a real estate loan to meet your needs.
Real estate loans offered include mini-perm loans, construction
loans, and land development loans.
Mini-perm loans are available for the purchase or refinance of
apartment buildings, shopping centers, office and medical buildings,
and industrial/warehouse facilities. Mini-perm loans are typically
structured with monthly payments based on a 25-year amortization
and a five to seven year maturity.
Construction loans are available for apartment buildings, condominiums,
custom homes, single family tract homes, shopping centers,
office and medical buildings, and industrial/warehouse facilities.
Construction loans are tailored to accommodate the time required
to build the project and market/lease the completed product.
Land development loans are available in conjunction with construction
loans for the purchase and improvement of raw land for subsequent
development and/or sale.
Contact a real estate loan officer for an appointment to discuss
your real estate financing needs.
