Construction, Conversion and Substantial Rehab Loans
Commercial, Mixed-Use, Residential and Multifamily
Finance 85% of land and construction soft and hard costs
- $1 Million to $100 Million+
- Nationwide in primary and secondary markets
- No upfront fees
- Finance 85% of project costs (LTC) up to 70% of ARV
- Liquidity requirement: 15 to 20% of total project costs (includes funds invested in project) verified by bank, money market fund, cash value of life insurance, mutual fund and stock brokerage statements
- 6 to 12 months interest reserves required
- Strong sponsor financials and net worth
- Experience: sponsor must have built and had ownership in similar projects
- 8.65%+
- Interest only
- Prepayment: none after 6 months interest paid
- 680+ mid credit score
- Construction draws funded in stages
- Title closes in LLC or corporation name
- First lien mortgages
- PRE APPROVAL LOI within 24 business hours
- Funding in 4 to 6 weeks after submission of complete loan docs
- Foreign nationals welcome
Please click blue Commercial & Mix-Use Construction Loans for FREE PRE APPROVAL LOI within 24 business hours. With a few clicks of your mouse it TAKES LESS THAN 3 MINUTES TO GET STARTED NOW. No credit cards, Social Security Numbers or credit checks required
