Multi family apartments

[Awais Sheikh]

@ken McElroy

[Joseph Gozlan]

@Awais Sheikh it really depends on your lender. You'd want (need) to stick with one lender through out the phases because otherwise you will need to completely refinance into a new loan every time and eat the costs of fees.

That said, lenders these days are not very thrilled about construction loans. The rates have gone up and the mezz loans are harder to get approved for w/o prior proven experience in building. 

You're best option to get all these questions answered is to find a local/regional bank (local to where you want to build) and see what their appetite and offered terms these days for construction loans. 

Good luck!