The Popularity of Life Company Construction to Permanent, Takeout Financing by Antonio Hachem

“Floating-rate debt offered by banks for ground-up construction was very attractive in the recent past. With the increase to LIBOR, rising interest rates and the fear of unpredictability in the capital markets, however, borrowers are are more attracted to longer term debt construction financing with fixed rates at funding for the entire loan term. Construction to perm financing and takeout financing upon completion of construction – prior to stabilization with life insurance companies is becoming more popular”.

Click here to read The Popularity of Life Company Construction to Permanent, Takeout Financing by Antonio Hachem.

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