Commercial Construction - Self Storage - Retail Center - Office - Warehouse - Apartments

  


Conventional Financing for Commercial Construction loans Nationwide. From $500,000 to 50M + 

Up to 100% LTC - 75% - 80% LTV.

 

Here are the straight forward construction finance guidelines for properties such as Mobile home parks, self storage, apartments, retail strip centers, warehouse, office and assisted care facilities Nationwide.

Property types and Locations

  Most Commercial property types are considered
  Must be in the path of growth
  Greater than 15,000 population is preferred
  Commercial "for lease" properties - Apartment - Assisted care - Self Storage 
  Mobile Home Parks - Warehouse - Office - Retail - Medical
  Single tenant considered on case-by-case basis

The Offer

  Prime plus .5 - 1% - 12 - 18 month construction term
  One time close
  Converts to 3 yr mini or 10yr perm - at the end of construction
  1% lender fee
  Property must underwrite at 1:1 ratio at closing
  Typical year pre-pay penalty

Typical Borrower Profile

  Builder - Developer - Investor
  Experienced Professional
  Requires strong borrower - credit - net worth - liquidity
  Has several projects in the works
  Bad credit will not be turned down if you have cash in the deal

Next Steps

  Call us to discuss - If you pass the test you will be required to submit:
  Executive summary - explaining the deal on paper
  Location map
  Fixed price construction contract 
  Pro-forma projections
  Current Financials - last 3 years personal and corporate tax returns
  Resume of principals
  Purchase contract
  Architectural renderings
 
If you are interested?
  • Call us and let's chat about your property/loan. 1-888-848-4731 and we will tell you if you fit our profile.

    • We will give you a quick and common sense answer.
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