Construction Loan
Ground up or Rehab financing available for multifamily, mixed use, retail, office and industrial property types.
Need more information?


Loan Terms:
-
Loan Amount: $250,000 - $50,000,000+
-
Loan Term: 1 - 2 Years
-
Interest Rate: 5.99% - 9.99% + LIBOR Interest Rate
-
Origination/Closing Fees: 1% - 3.75%
-
Loan Values/Costs: 60% - 75% LTC
-
50% - 65% LTV of Stabilized Value
-
Non-Recourse with Carve Outs if Necessary
Requirements:
-
680+ Personal Credit Score or 80+ Business Credit Score
-
$50,000 + Personal Annual Income and or $100,000 + Business Annual EBIDA
-
Less Than 40% DTI
-
2+ Year Past Experience
Documents To Submit For Approval:
-
Complete Uniform Commercial Loan Application
-
Construction Project Plans, Budgets and Permits
-
Current 3 Years Tax Returns Personal and Business
-
FYE and Current Business Balance Sheet and Profit & Loss Statement
-
Property Appraisal / BPO / Comparative Marketing Analysis
-
Complete Personal Financial Statement Form
-
Current 6 Months Bank Statements Personal / Business (every page, even blank)
-
Current (within past 30 days) Detailed Credit Report with FICO Scores from all 3 Credit Bureaus