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Hard Money Ground Up Construction

What Type of  properties qualify for our Ground Up Construction Program ?



  • 5+ Unit Multi-Family Properties

  • Motel/Hotel (flagged only)

  • Office / Medical Office

  • Anchored Retail / Shopping Center

  • Warehouses

  • Self Storage Facilities

  • Mixed Use

  • Mobile Home Parks



What Is The Max Loan to Value?

We Cover 75% of the Total Project. Closing cost, Points,  and 6 months reserves are rolled into the loan amount.

 

What Is The Interest Rate and Loan Terms?

Loan Amount:  $5M – $45M

Rate: 10 – 12%

Term: 12 -24 Months

 

Can I Cross Collateralize?

Yes, Cross collateralize with Land or other owned Real Estate

Can I use my own appraisal?

Absolutely, Must be Appraiser must have the MAI Designation.

 

What Are The  Requirements:

1.)  Borrower or Co-Borrower MUST have completed a similar project as the subject.

2.)  Land Must Be Shovel Ready.

3.) Borrower or Co-Borrower MUST show liquidity to make monthly payments after 6 months interest reserves ends.(Must Show atleast 5% of the gross loan amount in liquidity

4.) Borrower MUST have a very strong exit strategy to payoff the bridge loan within 12 months or within the extension ( Bank commitment letter strongly recommended)

   

How do I Apply or Speak With A Loan Specialist:

Apply Here

Or Contact us by clicking  Email or Phone