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Developer secures $12M construction loan for Broward project – who obtained a $12.4 million construction loan. The mortgage was provided by PNC Bank (NYSE: PNC) to SafStor Pines LLC, an affiliate of Daytona Beach-based SafStor, managed by Andrew H. Young. The.
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Construction Loan. New home construction loans are short-term financing options that cover the cost of erecting a new house during the actual building process.
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Chris Walters and Anne M. Hlavacka: SBA loans can ease financing challenges for commercial construction projects – If it’s a ground-up construction project, the business must initially occupy 60 percent and gradually increase to 80 percent by year 10. To qualify for a 504 loan, primary business owners must.
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Billd, a startup that offers short-term construction loans, raised $60m – Billd, a startup that offers short-term construction loans, raised $60m as. and construction companies attracted $1.38B in investment last year.