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CONSTRUCTION MORTGAGES

Commercial customers looking to build or remodel a commercial structure or investment property.

Benefits:

  • Short term mortgage (6 months to 1 year) to build/remodel property
  • A Construction/Permanent one closing mortgage is available which removes the hassle of reapplying for permanent financing
  • Quick turn-around on advancing draw requests
  • Payments can be made at a branch, by  mail or by the web.
  • Interest only payments for the term of Construction
  • Interest Rate fixed or variable
  • Monthly payment reminder notices
  • Escrow account can be set-up
  • See “Commercial Mortgage” for permanent mortgage repayment options

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