Student Housing Facilities Financing
With the decrease in the US economy, many adults have chosen to go back to college to further their education in an attempt to increase the odds of securing a better career. As a direct result in the increase in college students, so has the need increased for student housing.
Student Housing is one sector which MOST Commercial lenders have a huge appetite for financing. With the high demand, a captive audience and being extremely profitable .... Our preferred Investment Bank has a tremendous desire when it comes to financing such a development project.
Why does our preferred Investment Bank desire these types of projects?
• Immediate cash flow once the doors open
• Long term odds of high occupancy.... Typically pushing 100%
• Student loans & Grants pay for housing so there is seldom delinquencies in collecting rent
• Captive Audience to fill vacant rooms
• Extremely profitable from day one
What do you need to apply for such a loan?
• Detailed Business Plan
• Detailed Pro-forma
• Summary Form completed (please request)
Typical Financing terms:
• Construction loan typically last three years (depending on build-out schedule)
• Can be refinanced in permanent loan once income stabilization is established
• Competitive Interest rates
• Interest Reserve can be built into loan
• No pre-payment penalties (typically)
• Debt & Equity financing available
Sincerely,
Sean Allen
International Financing Solutions
Skype: sean.allen5
Email: sallen11867@aol.com
www.GlobalCommercialFinancing.com
http://internationalfinancingsolutions.ning.com/profile/SeanAllen
*** The best way to reach me is via email.***
