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Updated almost 2 years ago,
Long Term Construction Loan
Hello BP Family!
I am curious, if an asset has a stabilized (above 85%) occupancy, and when purchasing it, the business plan incorporates CapEx for the interiors and exterior as part of a value-add business plan for a 100+ unit apartment, would it be likely to receive longer term agency loan? Or is a bridge loan the only way to go for CapEx on a project?