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Real Estate Construction Loan

Opening new facilities? We can help you meet your growing commercial real estate needs. Whether you are financing a new facility, or adding to an existing one, GE can provide you with permanent financing for the construction of owner-occupied properties.
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LOAN
PURPOSE
To fund construction costs for owner-occupied property, only in conjunction with permanent loan financing.
LOAN
PRODUCTS
Interest at a variable rate throughout construction period, can convert to fixed rate upon completion.
TENANT
Must be owner occupied.

PREFERRED
PROPERTIES

Industrial (including Distribution, Warehouse, Manufacturing, R&D, and Truck Terminals), Office, Retail, Grocery.
TERM
Typically 18 months or less. Longer on an exception basis.
ADVANCE
75% of appraised value or 90% of cost to construct, whichever is less. Advance up to 85% available in limited circumstances.
SECURITY
First deed of trust on land, building and improvements.
APPRAISALS
MAI appraisal required with certification update at completion.
ENVIRONMENTAL
Appropriate Environmental Site Assessments will be required on all real estate loans.


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