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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.
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