Flexible terms to bring your construction plans to life.
Commercial real estate construction can be a challenging endeavor. Empower partners with real estate developers by providing construction –to- permanent loans with flexible terms and timely draws during the construction phase. Investors may lock in the long- term interest rate up front.
Construction Loan Features
- Single loan closing locks in permanent rate and reduces cost
- No prepayment penalty provides future flexibility
- Finance up to 80% of costs
- Make Interest only payments during the construction draw period
- Get loan terms tailored to your plan
Empower Federal Credit Union is a full-service financial institution serving members throughout New York State.
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All loans subject to approval. Rates, terms, and conditions subject to change.