Multifamily and Mixed-Use Construction, Major Rehab and Adaptive Re-Use Loans
Horizontal lot development with vertical construction or major rehab
- Nationwide
- No tax returns or income verification
- Loan amounts: $3 Million to $75 Million+
- Term: 12 to 36 months
- Rate: 6.99% to 7.99%+ (Interest only on funds drawn)
- Origination: varies
- Finance up to 90% LTC (hard + soft costs) to 75% ARV (may include most loan costs)
- Dollars borrower has invested into project reduce cash to close
- No monthly payments (interest reserve built into loan)
- Limited recourse available with standard carve-outs and completion guarantees
- 1st position lien
- Funding in 4 to 8 weeks
- 620+ credit score
- Borrowers must have experience on title building/rehabbing similar project(s) in last 3 years (may use approved general contractor)
- Borrower liquidity: 5% of loan amount plus cash to close
- Foreign nationals welcome for projects in USA
- No upfront fees.
To submit your online loan request, please click the blue GET STARTED LINK for your PRE APPROVAL Term Sheet within 48 business hours. No credit cards, Social Security Numbers or credit checks are required for PRE-APPROVAL.
