Construction Loans
?
Asset Classes
- Multifamily
- Retail
- Office
- Industrial
- Hospitality
Purpose
- Ground up construction
Deal Size
- Minimum $15,000,000
Sponsorship
- Proven track record
- Assets currently under management
- Experienced team in place
- Good credit standing
Deal Structure
- Up to 65% of loan to cost?
- Floating rate
- Term of 2 years plus extension options
- Completion guaranty required
- Additional recourse provisions may apply
- Fully entitled transaction
- Depository relationship required by banks