Construction Loans

Our construction lending experts work with each developer to understand their specific needs and priorities. From there, we adjust and optimize the capital stack to structure draw-based financing that limits out-of-pocket costs and increases profits.

Construction LOAN criteria

Loan Amount
$2 - $200+ million
Interest Rate
SOFR plus 200 - 700 basis points
Loan Term
12 - 48 months, extension options available
Amortization
Interest only
Asset Types
All asset types
Loan Scenarios
Horizontal and vertical construction, multi-phased projects, value-add, etc.
Security
Senior secured first mortgage or deed of trust
Loan-to-Value
Up to 75%
Loan-to-Cost
Up to 85%
Origination/Exit Fees
Typically 100 basis points
Recourse
Non-recourse with industry-standard carve-outs
Geographical Focus
Throughout the Continental US, certain markets excluded
Prepayment
No prepayment penalty
Closing Time
As quickly as three weeks
The above criteria are only guidelines and can be changed at any time without notice. Elrock Capital, LLC (or the "Company") is not a direct lender. These parameters solely reflect the programs of institutions the Company interacts with (the "Lender Network"). The Lender Network can modify its investment approach and any portfolio parameters set forth herein at any time in any manner which it believes are consistent with the overall investment objectives without notice to investors. Each situation is evaluated individually by the Company's Lender Network, subject to due diligence. Not all loans or investments are available in all jurisdictions. The Company assumes no responsibility for any errors or omissions herein. Any information regarding products and programs of the Lender Network is provided only for general purposes and does not constitute (i) an offer to sell or a solicitation of an offer to buy any products or programs, or (ii) a representation that any Lender Network products or programs are suitable for anyone.

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Learn more about what we can do for you.

Over 2,000 investors and lenders in our system
Highly-targeted parameter based approach
Deal flow that matches capital allocation