Mortgages for multi-family residential buildings, office buildings, as well as mixed-use properties and shopping centers. The Bank tailors the loans to best fit the specific situation.
Mortgages will be considered for acquisition financing and refinancing from $1 million.
Mission: To provide conventional loan financing products modified to fit government-assisted housing as well as conventional co-ops and rentals.
Available to economically viable government assisted housing including HUD, HPD, and DHCR developments.
- Loans available from $250,000 to $20 million or more
- No points, application fees or pre-payment penalties for Government Assisted Housing
- Flexible repayment terms (5-10 years preferred)
- Special NYSERDA Energy Smart Loans
- Available in New York State
- Suitable uses for funds include:
- Capital improvements
- Emergency projects
- Planned projects with incomplete funding
- Re-financing of existing debt