We have supported local home builders and real estate developers for decades. We’re one of the most reputable construction brokerages in the country. Our staff is experience in all phases of the lending process and provide superior service by putting our loan and market expertise close to customers. Our local staff members know the markets where our customers build their communities.
Services Offered:
Construction Loans
Loans to cover the costs of construction projects before obtaining long-term funding
Loan Amount
$100K – $100M million
Interest Rate
30 Libor +2% and up
Loan Term
12-36 months + Extensions
Amortization
Interest Only
Security
First Mortgage Lien or Deed of Trust
Loan-to-Value
Up to 65% of As-Is Value
Loan-to-Cost
Up to 80% (Mezz to 85%)
Origination/Exit Fees
2-4%
Recourse
Non-Recourse & recourse options available
Borrower/Guarantor
No min. liquidity re’d, asset-based loans only, Previous experience preferred
Location
Inner City Infill & Developed Suburbs Only
Loan Type
Predevelopment to Construction, Acquisition, Refinance
Geographical Focus
Continental US (primary, Secondary, and Tertiary markets)
Land Development Loans
Loans for entitled land, pre-development and for future sale
Loan Amount
$3M- $100M
Interest Rate
30 Libor +2% and up
Loan Term
12-24 months + Extensions
Amortization
Interest Only
Security
First Mortgage Lien or Deed of Trust
Loan-to-Contract
Up to 80% (Mezz to 85%)
Origination/Exit Fees
3-5%
Recourse
Non-Recourse & recourse options available
Borrower/Guarantor
No min. liquidity re’d, asset-based loans only, Previous experience preferred
Location
Inner City Infill & Developed Suburbs Only
Loan Type
Predevelopment to Construction, Acquisition
Geographical Focus
Continental US (primary, Secondary, and Tertiary markets)
Hotel Construction Loans
Loans to cover the costs of hotel construction projects before obtaining long-term funding
Loan Amount
$5M and up
Interest Rate
Libor +3% and up
Loan Term
2 – 5 Years
Amortization
Interest Only
Geography
Continental US (primary, Secondary, and Tertiary markets)
Options
Mini perm and Permanent
Loan-to-Cost
Up to 75%
Minimum proforma DSCR
1.50x
Experience
Previous experience preferred
Self-Storage Construction Loans
Loans to cover the costs of construction of self-storage facilities
Loan Amount
$5MM and up
Interest Rate
30 Day Libor + 2% and up
Loan Term
2 – 5 Years
Amortization
Interest Only
Geography
Continental US (primary, Secondary, and Tertiary markets)