NEW CONSTRUCTION LENDING
New Construction Loans
Short-term real estate financing secured by a mortgage on the property being financed.
This loan is meant to cover the cost of land development and building construction, and is disbursed...
(1) as needed
(2) as each stage is completed
(3) according to a prearranged schedule
or (4) when some condition is met.
Construction loans are paid off from the proceeds of permanent financing (usually for 20 to 30 years), which in turn is repaid from the cash flow generated by the completed building, and is arranged before the construction loan is disbursed. Also called building loan, construction mortgage, or development loan.
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1658 Milwaukee Ave #100-6155
Chicago, IL 60647
Office: 773-877-3221
Email: loans@duke.capital
Duke Capital Advisors is an innovative commercial lender financing real estate investors and small businesses through out the United States. Our mission is to strengthen economies by helping businesses grow. Brokerage services provided by Duke Capital Advisors, LLC a registered corporation in the state of Illinois.
14843 Founders Crossing
Homer Glen, IL 60491
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