High Leverage Rehab, Construction and Land Development Loans
Multifamily, Mixed-Use and Commercial
10 Day Funding
Low borrower cash requirements; ideal when you want to conserve cash…
Underwriting based on future completed value; no LTC requirements; greater LTV/LTC than most lenders
Fast funding sets you apart from bidders with slow bank financing; speed can make the difference between winning and losing a deal…
Pre-Draws can pay for land purchase and most soft costs
Flexible repayment and expedited draw schedules deliver necessary cash when you need it.
- Over $2 Billion of this loan program closed…
- $500,000 to $50 Million
- Multifamily, mixed-use, residential rental, townhomes, condos, office, self-storage, warehouse, retail, industrial, luxury residential and hotel loans
- Land development includes purchase price, soft costs (architectural, engineering, environmental, other consultants and entitlement expenses (these expenses can be paid with pre-draws).
- 12% fixed
- Interest Only
- Origination: 8+ points
- Flexible prepayment
- Term: 6 to 18 months + extensions
- Funding in 10 days
- Credit score not important unless borrower plans to hold the property and will need to be approved for long term financing after project completed
- Borrower must have experience on title building/rehabbing similar size and type projects in last 3 years
- Clearly defined exit strategy important…
- “Broken” construction/rehab/development projects considered
- Loan may include major upgrades for tenant improvements, stud-out remodels, expansions, value-adds and redevelopment
- No upfront fees. We are paid when your loan is funded at closing.
To get started, please click the blue PRE APPROVAL 10 Day Close | High Leverage | Low Cash Requirements | Construction & Rehab Loans Link for FREE PRE APPROVAL LOI within 48 business hours. With a few clicks of your mouse it TAKES LESS THAN 6 MINUTES to submit your online loan request. No credit cards, Social Security Numbers or credit checks are required.