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