Loans for Student Housing Construction, Renovation, and Refinancing
Recently, money-lending entities such as banks and traditional lending institutions tightened their lending criteria, creating a major cash shortage for student housing developers and builders. If you are having trouble getting capital to start your student housing project, there are actually a lot of investors that may be interested. Once found, they often provide a custom solution based on your particular needs, with a creative and entrepreneurial approach that can be invaluable to your success. The key is to know where to look. With our strong network of student housing investors, The Halo Capital Group helps you streamline the process so you can continue to plan and strategize for your business.
Our Lending Parameters
- Purpose: Construction, Acquisition, Refinancing
- Rates: starting at 5.5%
- Deal Amount: $500,000 and up
- Term: 12-60 months
- LTV: up to 75%
- Quick Closing: within 21 days
Getting Started with Student Housing
Student housing is a solid business opportunity that has the potential to be extremely lucrative. Considering the number of universities and colleges that are rampant today, students usually prefer student housing/apartment accommodation that keeps them close to their respective campuses over uncomfortable dorm buildings. The current supply of affordable, yet comfortable housing to meet the demands of a growing number of students attending college is certainly one of the reasons why people want to buy into this industry. The only problem now is, how do you start?
As you may or may not know, people embarking in this business go through a lot of difficulties during the beginning stages. Having the capital for such big project is one of the primary challenges for most of these people. The building construction itself will likely cost you millions of dollars. You also have to spend more money on the materials needed inside the building not to mention your engineer’s and contractors’ pay checks. However, this type of real estate asset can pay extremely high dividends in the long run. If you are lacking in finances to start the construction of a building then you may want to consider student housing construction loans. This is an option frequently considered by many businesses to jump-start their dreams and aspirations.
If you are one of those business people with a big vision but lacks the resources to make your vision come into reality, then don’t hesitate to inquire about our program for your student housing construction financing goals. We are connected to a network of various investors who can meet your financial needs and get you started on the path towards success and prosperity.
Fill out our form to the right and we will respond the same day. Or give us a call at 888-892-7939 to discuss your options further.