True 80% Commercial Construction Financing In 2020
This specialized commercial construction program is designed to start in the early stages of the project. Financing may include the acquisition and all hard and soft costs associated with the project.
The disbursement schedule is set per your construction schedule, and there is minimum inspections for the payouts.
This loan will auto-convert to a fixed permanent loan at no cost. In addition, your initial 20% equity will then be applied to the permanent principal loan amount.
Who is this for?
Deals that are Not Bank Eligible Traditional banks will have strict guidelines tethered with complex personal, project and market area criteria. This program is more open-minded.
Tertiary Markets/ Small MSA’sToday’s traditional lenders are more conservative on the projects area. This program is more open-minded.
High Leverage/ Low Capital RequirementsOnly 20% equity of the Total Project Budget is required. This is true 80% LTC financing. Financing may include land acquisition, soft costs, hard costs, contingencies, builder fees, interest reserve and more.
Any Asset Class & Special Purpose Development is OKWe’ll consider any and all types of projects.
Total Project Budget of $15M+
Rates between 5 – 6% for both construction and auto-converted permanent loan