One-Time Close Construction Loan
Whether you are building the home of your dreams from the ground-up or contemplating a complete teardown and rebuild, Broadway Bank's One-Time Close Construction Loan may be the solution for you.
Features
- Saves you closing costs
- No prepayment penalty
- Interest-only payment during construction
- Loan automatically converts to permanent financing upon completion
Options available
- Fixed rates
- Balloon and Fully amortizing
Loan to Value Ratio1:
- Up to 80% for loans up to $1.5 million
- Up to 75% for loans $1.5 million - $3 million
Individual Attention
With a single point of contact, you’ll get the prompt personal service from a team of experts, each working together to accomplish your financial and personal goals.
Customized Solutions
Your needs aren’t the same as everyone else’s….because you are unique. Our private bankers get to know you personally and professionally to tailor precise financial strategies.
Standing Strong
Success lies between knowing you have the personal touch of a small bank paired with the expertise of a Wall Street titan. As one of the region’s largest and strongest independent banks you get the best of both.
Contact Private Banking
Contact our Private Banking team today to see how you will benefit from modern banking that’s locally sourced and personally delivered.Important Information:
NMLS Listing
Membership qualifications to Private Banking at Broadway Bank apply. All loans subject to credit approval, verification and collateral evaluation. Rates, terms and conditions are subject to change without notice. Lending area and other restrictions apply.
1The loan to value (LTV) is the lesser of the appraised value or the acquisition cost (cost of land plus cost to construct).
