A construction loan is a short-term loan, typically with a variable interest rate, that provides proceeds to construct or rehabilitate a multifamily affordable rental housing project. Once construction is completed and the project is stabilized, a developer may seek a permanent loan with a longer term and fixed interest rate.
$1.6B+
Permanent lending portfolio held on balance sheet
$200M+
in Permanent Lending in 2024
Community Development Banking
JPMorgan Chase Community Development Banking is proud to support vibrant neighborhoods like yours with loans, investments and services for low- and moderate-income communities across the country.
What we do
As an established lender, we can provide financing for affordable housing that fits your needs, including construction-to-permanent loans and fixed-rate permanent loans for stabilized properties.
Who we serve
We work with a range of national, regional and local real estate developers constructing, rehabilitating, refinancing or acquiring affordable housing properties.
A licensed Fannie Mae DUS™ lender
Chase Community Development Banking is a Fannie Mae™ Multifamily Affordable Housing Lender. Our team supports the Fannie Mae™ Delegated Underwriting and Servicing (DUS) program for affordable housing projects and other Fannie Mae™ affordable products.
Local support on a national scale
Across the country, our local teams are dedicated to helping borrowers secure permanent fixed-rate debt to refinance existing debt, fund capital improvements and pursue investment opportunities via our straightforward process.
A full-service treasury solution
The Commercial Real Estate Treasury Services team takes a consultative approach to help you maximize today’s opportunities and achieve your long-term goals. With expertise in and comprehensive solutions for affordable housing property managers and Community Development Financial Institutions, the team can also help you optimize your property- and cash-management systems to increase efficiencies.
Gain access to the full depth of the firm
- Construction loans and financing
- Immediate funding
- Fannie Mae ™ Multifamily Affordable Housing financing
- Fixed-rate term loans
Construction and permanent loan FAQs
Yes, in some instances, subject to certain limits regarding commercial income underwriting and leasing requirements. Please contact us through the form below to discuss.
No. However, we do have maximum exposure limits for sponsors/guarantors.
Related insights
Real Estate
What a recession could mean for commercial real estate
Jun 24, 2025
Even a mild recession could impact each asset class differently. Leaders across the industry discuss how commercial real estate investors can prepare for an economic downturn.
Read more
4:17 - Real Estate
If these walls could talk: Philadelphia
Jun 10, 2025
We’ve invested more than $260 million in Philadelphia affordable housing and community services. Discover Community Development Banking’s local impact.
Watch video
Real Estate
Addressing Colorado’s affordable housing crisis
Jun 05, 2025
The Centennial State is among the most popular—and expensive—places to live. Learn how developers and industry leaders in Boulder, Colorado Springs, Denver and Fort Collins are growing affordable housing inventory.
Read more