Real Estate & Construction Loans
Whether you are planning to purchase an apartment building, build home or refinance a shopping center, Preferred Bank has a real estate loan to meet your banking needs. Real estate loans offered include mini-perm loans and constructions 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. Loans are tailored to accommodate the time required to build the project and market/lease the completed product.