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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