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:


• Self Build Borrowers are allowed, as are General Contractors
• Loan amounts from $100,000 to $1,750,000
• Loan amounts of up to 80%* of the appraised value
            *Cross collateralization allowed on other properties, if needed, for maximum (or greater) loan amounts
  
• Land purchase may be included in the construction loan (up to 75% of the purchase price)
• Deal directly with the Loan Officer/Underwriter
• Fast pre-qualification, typically within 3 to 5 business days
• Owner and non-owner occupied properties are eligible
• Loans are available to Borrowers with excellent to less than perfect credit
• Flexible draw schedules
• Full income documentation, self-employed and limited income programs available
• 24 month term
• Interest only payments based on funds advanced

Loans available in the following states: AK, AL, CA, CO, CT, DE, FL, HI, ID, IN, IA, KS, KY, MA, MD, ME, MI, MO**, MT, NC**, NE**, NJ, NY, OH, OK, PA, RI, TN, VA, WA, WY         **Non-owner occupied only

*If 5+ units please see Commercial Programs

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