Construction Loans

 

Construction loans offer short-term financing to construct a new building or to renovate an existing property. Funds will be advanced by the Lender to the Builder based upon the percentage of offer an initial interest only option then the loan converts to a fixed rate at current prevailing rate. Some Lenders may offer the funds for construction loans only whereas, some may offer construction to permanent loan, as such the client will not have to obtain, a separate loan from another Lender upon completion of the project.

INVESTMENT/ RENTAL PROPERTY LOANS

Loans are available for 1-4 family non-owner-occupied properties and Condos. For Purchases, Rate and Term Refinance, Cash Out Refinance. These loans are typically non-recourse, some are adjustable or interest only payments for a specific period.

CRE LOANS (COMMERCIAL REAL ESTATE LOANS)

CRE loans cover industrial, commercial and mix-use, hotels and motels, self-storage real estate, not residential commercial properties. Loans can be obtained for Purchases Refinance – Rate and Term or Cash-out Refinance, Construction, etc.

New York based Reliable Mortgage Consultants LLC (RMC) was established in January 1986, a mortgage brokerage company specializing in commercial mortgages.

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