What Type of properties qualify for our Ground Up Construction Program ?
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5+ Unit Multi-Family Properties
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Motel/Hotel (flagged only)
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Office / Medical Office
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Anchored Retail / Shopping Center
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Warehouses
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Self Storage Facilities
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Mixed Use
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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:
Or Contact us by clicking Email or Phone