CIC does multifamily acquisition/rehab deals that others can’t.
And we are capitalized with a $400 million loan pool guaranteed by 34 banks, so we have money to lend.
We can strengthen your bottom line 12 ways:
- Construction and long-term loan in one process
- Expedited acquisition loans for experienced developers
- No payments during construction
- 20-year term, 25-year amortization
- Strong customer service, including expert construction advice
- For experienced developers, a line of credit
- Flexibility to finance more than 80% LTV with extensive rehab
- No prepayment penalty on ARMs
- We close and service our own loans
- No legal fees at closing
- “Take-out” loans for buildings with an estimated completion date
- A tailored, can-do approach to every loan.