LTC 95% - 100% Up to 75% ARV
| Coverage Area: | Nationwide (primary and secondary markets preferred). |
| Loan Amount: | $500K to $100MM+ |
| Experience: | Prior construction experience highly preferred. |
| Property Types: | Most property types considered. Multifamily, office, retail, industrial, mixed-use, speciality use, 1-4 unit residential. |
| Occupancy: | Owner occupied aresidential developments, investment properties, commercial owner-user. |
| Rate: | Starting rate a Prime + 2%. Rates are project specific and heavily based on sponsor experience. |
| Liquidity: | Varies based on project and experience. |
| Amortization: | Interest only during construction. |
| Reserve account: | A reserve account will be used to make monthly payments on behalf of Borrower until construction phase is finished and property is ready for take-out financing. |
| Builder: | Must be approved by lender. |
Ground-Up & Major Rehab Construction Financing 5.25% to 9.99% 4 to 5-week closing
Loan is fixed for 1 to 3-years with interest only amortization. Loan is due at the end of the 1 to 3-year loan term. No prepayment penalty. Eligible properties include multifamily 5+ units, 1-4 unit residential, office, retail, industrial, manufactured housing, self-storage, hotels, and healthcare. Resultsfs Bridge Loans are short-term interim loans designed for properties needing stabilization, lease-up, and/or rehab prior to securing long-term conforming financing or disposition.
Max LTV: 65% to 75% | Min Credit: N/A