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How to Use the Construction Plus Loan
- Consider your market. A market study helps you assess the market you are considering; will it work or not? Prepare according to the guidelines appropriate for development size:
Small Project Large Project
- Looking to finance an existing multifamily property? A capital needs assessment identifies and quantifies a building's current physical condition and future physical and financial needs. Find a provider and prepare according to the guidelines.
- Talk to a Senior Underwriter
(SU) regarding any pre-application issues.
- Complete an application and send
it to WHEDA, along with the application fee.
- Your application will be reviewed and a SU will contact you within
4-5 days upon receipt.
- Always know that you may contact a SU during the process if you
have any questions.
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