Construction-to-Perm Loans

Construction-to-permanent loans – often shortened to C2P loan or single-close – are unique financing instruments that combine the features of a short-term construction loan and longer term permanent mortgage in a single package. Typically, terms include lower closing costs and interest-only payments during the construction phase, as well as somewhat higher down payments and long-term interest rates.

Essex Capital Markets is singularly qualified to broker construction-to-perm financing for qualified borrowers, thanks to decades of relevant experience and a deep, diverse pool of portfolio lenders to draw upon. To find out more, call an Essex Capital Markets financing advisor today.

Construction-to-Perm Loan Details

Loan Amount – $10-50MM.
Term – 2-30 years.
Max LTV – 75%.
Amortization – I/O with 25 and 30 Year options available.
Fees – 1-3%.
Recourse – Depending on risk profile, recourse and non-recourse options are available.
Completion Guaranty – Required.
Rates – Contact us for current pricing.