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Kalterra Capital Lands $26M Construction Loan – Love Funding originated the mortgage through HUD’s 221(d)(4) loan insurance program, enabling the lender to provide low-rate, non-recourse financing for the construction and a subsequent 40-year term..
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· Construction loans are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate. The rates on this type of loan are higher than rates on.
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A construction loan from Security Service saves money and time with up to $5,000 in select closing costs paid and only one application required.
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