Construction Loan Details
When it comes to construction financing, a quick closing can mean the difference between a profitable project built on time and under budget or another lost opportunity. Given the risk that comes with rapidly changing market conditions, a deal certainty can be a game changer for the experienced builder.
While banks are still in loan committee, you are out of the ground and on your first or second draw. Time is money and speed matters! Our construction loan program is the fastest, simplest financing of its kind in the market today. Even in the post Covid 19 economy!
Borrowing entities and credit requirements
- Owner, builder, spec or custom home construction
- Individuals, corporations, LLCs, partnerships, trusts, estates, international investors, etc.
- Combine multiple borrowers or multiple entities in a single transaction
- Decisions are based on the quality of the project
- Ground-up or broken priority
Property types and requirements
- Spec residential – attached, detached, in-fill, high end fix & flips, multi-family or broken projects
- Commercial projects can include acquisition financing and asset repositioning
- Ground-up or construction completion and broken priority…and we can finance the acquisition, too.
Realistic construction periods
- Up to 24 months, or more, depending upon the scope of the project
- Can accommodate multiple phases and sensible, market driven partial releases
- No prepayment penalties or yield maintenance
In-house construction department
- Quick, flexible dispersals. One-week turnaround on draw requests
- Custom draw schedules that support your project
Responsive portfolio lender
- We don't rely on credit lines or depend on reselling to the secondary market
- Offers the creativity and flexibility that comes with being a true portfolio lender
- The ability and willingness to structure sensible solutions to your construction financing needs