Author Archive for: serfaty

$11,300,000 Libor Floater 3 year term with 2 one year extension options Non-Recourse Construction Loan   A ground up construction loan, non-recourse from the start. Only a completion guarantee was required. Minimal risk as contractors are bonded. Construction to start immediately, with completion within 14 months. Remainder of loan term to be for stabilization. Closed […]