Construction loan rates in Brooklyn increase, apartment owners pay more

Construction loan rate increases in Brooklyn, as apartment owners are paying more for construction, an industry group said Thursday.The Associated Builders & Contractors of New York said the state’s three largest lenders increased the rate on all construction loans from 5.1 percent to 6.1.That was a 10 percent increase, but it was still lower than the rate of 7.5 percent […]

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How to get the best deal for your cornerstone construction loan from Cornerstone Construction

There are several options when it comes to building a cornerstone: a construction loan, a construction finance loan, or a construction financing loan.Construction loans are the ones that allow you to buy your cornerstones.Construction finance loans are for people who can’t build their own cornerstones, but who would like to buy them and use them for a long term project.The […]

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