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If you are a Real Estate Developer, here are just some the Financing Options that we can provide in getting your Ground Up Construction Projects financed. There are many aspects of development projects, from acquiring the land, getting it entitled, putting in infrastructure (horizontal) and then the construction itself (going vertical). We fund all phases of real estate development projects.
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- Loan Purpose: Purchase or Refinance property then develop, rent or sell
- Loan Type: Debt, Debt with Mezzanine or Debt with Equity
- Property Type: Condos & Townhouses, Mixed Use, Hospitality, Cannibis, Special Purpose
- Loan Amounts: $2,000,000 to $200,000,000
- Loan-To-Cost: 70% to 85%
- Loan-To-Value: 65% to 70%
- Loan Terms: 12 months to 36 months, with possible interest reserves
- Loan Rates: 7.99% to 11.99%
- Lender Fees: 1% to 4% plus appraisal, title & escrow fees, funds control fee
- Financial Strength: 10% of loan amount in net worth, 10% of loan amount in liquidity
- Required Experience: Extensive development experience with strong GC
- Exit Strategy: Build-To-Rent or Build-To-Sell
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