Ground Up Construction

Ground Up Construction
  • Loan Size:    $250K to $5MM+
  • Asset Class:   Single Family Spec Homes, subdivisions, condo development, retail, office and industrial (pre-lease % to be discussed)
  • Full Recourse
  • 9-12%
  • Term Up to 24 Months (usually 12 Months W/ Extensions)
  • Interest Rates commensurate to risk
  • Up to 85% LTC, all though in some cases we can finance 100% of the construction cost if sponsor has substantial land equity