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If you are a Residential Developer, here are just some the Financing Options that we can provide in getting your construction projects financed. These residential projects involve the ground-up or rehab construction of 1 to 4 units, or multi-family buildings typically located in urban or suburban areas. These loans are only for non-owner occupied properties. The exit strategy is build to rent or build to sell.
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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: 1 to 4 Residential Units or Multi-Family Units or Buildings
- Loan Amounts: $2,000,000 to $200,000,000
- Loan-To-Cost: 75% 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 4.0% plus appraisal, escrow & title fees and funding control fees
- Financial Strength: 10% of loan amount in net worth, 10% of loan amount in liquidity
- Required Experience: some ground-up construction experience with strong GC
- Exit Strategy: Rent the property or sell the property
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