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Residential MTG/Construction

What is a Residential MTG/Construction Loan for Small Businesses?

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A Residential Construction Loan for Small Businesses is designed for small business owners looking to invest in residential properties. This loan can be used for purchasing investment properties and/or enhancing their value through renovations.

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It offers competitive fixed rates and flexible terms ranging from 12 to 25 months for construction and 30 years for purchase mortgage depending on the intended use.

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Unlike traditional commercial loans, this financing option allows small businesses to develop residential properties, expanding their investment opportunities beyond just commercial real estate.

Application

Initial Document List

PFS and Debt Schedule

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EAEDC

Eastern American Economic Development Corporation

CDFI Loan Funds

Community Development Financial Institution Certified by U. S. Department of the Treasury

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Palisades Park, NJ 07650

T. 201-585-0136 

F. 201-608-7991

 

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