Buy a new apartment building–or refinance and rehab one you currently own–with CIC’s combined permanent and construction financing in one process.
DO IT EASIER, DO IT BETTER:
Depending upon availability and eligibility, we also offer special programs including matching grants, interest rate subsidies and other financing tools that allow you to do more rehab.
RECEIVE ALL THE EXPERTISE YOU NEED:
Our staff will provide expert financing advice as well as construction, closing and servicing assistance. We’ll even help you refine rehab scope and costs.
The typical time frame from application to approval is LESS THAN TWO MONTHS!
Expedited acquisition loans for experienced developers
Flexibility to finance more than 80% LTV with extensive rehab
NO PREPAYMENT PENALTY on ARMs
No legal fees at closing
No payments during construction
Forward commitment take-out loans for buildings with an estimated completion date
A tailored, can-do approach to every loan.
Let us show you what we can do for you.
CALL TODAY at (312) 258-0070, and ask for a loan officer.