Construction Loans
This program is for the ground-up construction of residential and commercial projects.
Our primary focus is residential spec-build, subdivisions, and multifamily development, but we will also consider commercial mixed-use, office, retail, hospitality, and industrial projects.
- Loan Amounts: $500,000 - $50,000,000+
- Loan-to-Cost: 75-90%
- Loan rate: Starting at 9.99%
- Rate Type: Fixed, Interest Only
- Typical Origination Fee: 2%
- Loan Term: 12-36 months
- Borrower: Business entity, trust
- Loan Guaranty: Non Recourse available
- Prepayment: No penalties
- Credit Score: Minimum 640
- Geography: Primary and Secondary markets nationwide