RED Capital Group Arranges $7.8 Million Construction Loan to Convert Historic Building to Apartments in Lancaster County, PA – COLUMBUS, Ohio–(BUSINESS WIRE)–RED Capital Group, LLC (RED) recently arranged a $7.8 million construction loan for Tobacco Road apartments. allowing us to focus on what we do best – development..
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If you’re planning to build and finance your new home, a construction-to-permanent loan may be right for you. A South State Bank Construction Loan1 lets you finance up to 90% of the construction or home value (whichever is lower).
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A construction loan is a short-term loan used to pay for the cost of building or remodeling a home. Whereas a lender pays out the full amount of the mortgage to the home’s seller upon closing where a regular mortgage is involved, a construction loan is typically paid out in a series of advances as construction progresses.
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