Pre-Qualify Now
The "Pre-Qualify Now" link is for NON-BROKERS ONLY. Brokers should refer to Broker Center. Broker Agreements will not be honored by Normandy if Broker submits a Pre-Qualification using the consumer link above...
MULTI-FAMILY 2-24 UNIT CONSTRUCTION LOAN
This program is designed for Borrowers who are building a multi-family home to be used as a primary residence or as an investment property. Upon completion, the loan may be eligible to convert to a permanent loan with Normandy.
The Normandy Advantage:
- Fast pre-qualification, typically within 3 to 5 business days
- Deal directly with the Loan Officer/Underwriter
- Loans available to Borrowers with excellent to less than perfect credit
- Flexible draw schedules
- Self Build Borrowers are allowed, as are General Contractors
- Owner and non-owner occupied properties are eligible
- Land purchase may be included in the construction loan (up to 75% of the purchase price)
- 24 month term
- Loan amounts up to 80% of the appraised value
- Interest only payments based on funds drawn
- Full income documentation, self-employed and limited income programs available
- Loan Amounts of $100,000 to $1,500,000
Loans available in the following states:AK, AL, CA, CO, CT, DE, FL, HI, ID, IL, IN, IA, KS, KY, MA, MD, ME, MI, MO*, MT, NC*, NE*, NH, NJ, NY, OH, OK, RI, SC, TN, UT, VA, WA, WY * Non-owner occupied only
Call today @ (800) 390-7536 or use the "Pre-Qualify Now" link above.
NORMANDY CORPORATION
NMLS #71492
Principal Business Address: 46 Prince Street, Rochester, New York 14607
585-256-2600 * 800-390-7536 * Fax: 585-256-2836
Email: info@normandy.com
Hours: Monday - Friday 9 am to 5 pm
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