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Financing For Commercial Developers

Acquisition & Development

Multi Family 5+ units, Self Storage, Hotels Mixed Use, Office Buildings,Retail.

Loan Terms & Qualifications:

  • up to  85% Acquisition / 100% Construction Cost for experienced developers
  • up to  80% Acquisition/ 100% Construction Cost for first time Developers.
  • Rates Start at 9.99%
  • Close in 30 days or less – Expedited Request Accepted
  • 12 month term- No PPP.  6 month Extension Available
  • Minimum Loan Amount: $250,000 – $5,000,000 (for higher loan amounts please call)
  • Minimum Credit Score: 600
  • 2 months of bank statements & 2 months of cash reserves
  • Land MUST be shovel ready

Fees:

  • Credit check -$25
  • Cost of Appraisal ( Determined based on best bid in your local area)
  • Legal Fee $995- Paid at closing
  • Origination Fee: 2-3 points at closing
 

 Office: (214)840-9410  Email: mark@peakcapitalfunding.com