NEW YORK, Nov. 16, 2017 (GLOBE NEWSWIRE) — Richard Bassuk, Chief Executive Officer, and Drew Fletcher, President, of Greystone Bassuk, today announced the closing of a $30,000,000 construction loan.
This financing achieves several objectives, including converting bridge and construction loans to a five-year term loan facility. planned community located 27 miles north of downtown Houston..
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The ratio of total construction and land development lending. a $1.4 million specific reserve allocated to a commercial loan in Houston. This specific reserve is due to the declining financial.
An FHA loan isn't the only path to that new-home scent – read here for more information about the different types of home construction loans.
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Houston, TX Construction Home Loan Options. Although most Houston, TX construction loans offered today are adjustable rate, there are a variety of construction loans to choose from that include a variety of different features.A popular feature that many borrowers choose is a loan that can be transferred into a standard long term mortgage.
With a VA Construction loan you can finance up to 100% of the land purchase and construction costs. Traditional Construction loans often require a 20% or 25% down payment on the land. You then have to get a construction loan (which generally has a higher rate than a traditional conventional fixed rate loan).
Houston Hope Homes Program After the storm, FEMA set up a program that put more. families each month in the Houston area, Brown said. Some are apartments funded with vouchers, others are single-room occupancy facilities like.