Construction Loans

    Construction loans allow you to build a house from the ground up. It is available for one family primary or secondary residences, with loan amounts from $150,000 to $1,500,000.

    FEATURES OF CONSTRUCTION LOANS:

    • Loan amount up to 80% of construction cost
    • Flexible terms
    • Easy draws
    • Competitive fixed rate
    • Interest only on the funds as they are disbursed
    • 9 to 12-month term
    • Cost to build includes all costs associated with construction, renovation
    • Can be used for renovation, and/or tear down
    • Available in Nassau, Suffolk, Queens, Kings, Bronx, Manhattan, and Staten Island counties
    • Self-Builder allowed with 30% down payment and verifiable construction experience

    To learn more about construction loans, contact Kevin Kalyan at (516) 851-7967 or with the contact form below, we look forward to hearing from you!