CONSTRUCTION & DEVELOPMENT LOANS

Construction, Development, and Real Estate Loans are available to acquire or build occupied facilities for businesses of all types. We provide construction and term financing. Construction financing periods vary with the specifications of each project, but are typically for a period of 12 to 18 months. Term financing periods may extend from 5 to 7 years based on a 20 year amortization. Rates vary from floating rates tied to Wall Street Journal Prime or fixed rates up to 5 years. United Americas Bank will finance up to 80% of the appraised value for investment properties and 85% for owner-occupied properties. Personal guaranties of the owners may also be required. Types of properties financed include office, retail, industrial, warehouses and multifamily properties.