We serve the construction financing needs of experienced commercial real estate investors and developers in need of creative and expeditious solutions.
Through our established relationships with developers, brokers, subordinate lenders and sponsors, we structure construction financing solutions for most major property types. Whether a condo, hotel, industrial, multi-family, office or retail project, we have the depth of expertise to get your deal done quickly and with an efficiency that is hard to match in the marketplace. With a strong balance sheet and in-house servicing, we work in concert with our clients to understand their business strategy and objectives. Oftentimes, we work with clients on multiple projects over time, securing construction financing for varying property types in locations across the United States.
With our end-to-end lending process, we provide construction financing to qualified and proven commercial real estate investors and developers with a demonstrated track record of success. With flexibility and speed of execution, we offer a broad range of financing capabilities, including:
- A typical transaction of $20 million or more
- 2- to 3-year loan terms (with up to two 1-year extension options depending on the situation)
- Generally non-recourse, with completion, carve out and debt service/carry guarantees
- Rates typically floating, based on a spread over LIBOR
- Loan to cost/value typically 50% to 65%