QUALIFIED PROJECTS: Primarily for construction and renovation of housing units for ownership can be used to finance developed lots, single family homes, condominium and in some cases rental projects

TARGET MARKET: City of Cincinnati

LOAN AMOUNT: Typical loans range between $250,000 and $5,000,000

LOAN TYPE: Construction loan

LOAN TERM: 12 - 36 month construction period (can vary depending on project)

LOAN-TO-VALUE: Depends upon type of project 70% - 95%

COLLATERAL: Secured with a 1^st Mortgage

BENEFITS:  Higher loan-to-value   
                   Construction loans priced below market rate due  
                   to a linked deposit from the City of Cincinnati

For more information, contact CDF