Work with our experienced lenders to get your LIHTC project approved and closed quickly

Stearns Bank has built a solid reputation in their knowledge of the Low income Housing Tax Credit (LIHTC) program over the past 30+ years. In today’s market securing your equity partner and locking in construction costs are key to a successful project. We can save you time and money by providing financing to start construction sooner. Simply put, we will get the job done for you!

  • Standardized loan documents for most syndicators
  • Work directly with decision makers for fast approvals
  • We go where you go nationwide both rural & urban
  • We tailor loans to what is needed to get the project completed on time and on budget
  • Construction Loan Guidelines:
    • All loan amounts are considered
    • Rates & terms are fully negotiable, terms are typically 12 – 24 months
    • Competitive closing costs with in-house documentation to minimize legal fees
    • Fast loan closings in 2 – 6 weeks with all required docs (Appraisal, ALTA survey, and title insurance generally determine the number of days to close)
    • Flexible terms, allowing time for stabilization and rent up
    • Mini-perm loans are also available
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Stearns Bank customer map

Stearns Bank: National Presence, Hometown Service

Stearns Bank serves customers across the country with SBA loans, equipment financing and commercial banking services. See our interactive map to review the range of industries we cover and regions we serve.

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Online Calculators

Use our online calculators to estimate your payments and financing costs, at various interest rates and terms. Then, contact a Stearns Bank representative to start the financing process.