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Michael Stern’s JDS scores Miami’s largest condo construction loan in nearly a year – It’s the first construction loan north of $100 million for a Miami-Dade condo project to close this year. In September, Terra and its partners upped their financing for Eighty Seven Park in Miami.
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Political groundwork begins for construction loan revival – Construction lending has picked up recently but is still well off its high, said Christina Zausner, the head of industry and policy analysis at the CRE Finance Council. Traditional loans receive a.
1 100% financing loans may include an additional funding fee, which may be financed up to the maximum loan amount. product features are subject to approval. 2 This rate offer is effective 5/15/2019 and subject to change. Rates based on creditworthiness, so your rate may differ. All loans subject to credit approval.
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Vista Tower lands record $700 million construction loan from Chinese bank – Although it’s the largest construction loan ever made in Chicago. Ping An has committed more than $100 million of equity to the project, Chicago-based Crescent Heights Vice President Jason Buchberg.
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A construction loan is a short-term loan used to finance the building or renovation of a home or other real estate project that covers the cost of.