Commercial CRE and Land Development Funding
CRE Build-T0-Suit up to 100% of project cost
Our Build-To-Suit programs funds up to 100% of project cost.We fund National and local Single and Multi Tenant Properties. We offer programs for all strong tenants including credit grade and non credit grade/non-moody rated tenants and local to the area companies,including the following industries;restaurants,retail stores,automotive,medical facilities, urgent care,banks.pharmacies,assisted living, and special purpose
We now have private money funding sources on our loan committee that will now fund on construction projects ranging from large Commercial projects and residential developments to spec lending for single family residential homes for contractors and real estate investors.
Developers with a tenant-approved site and executed lease/LOI may submit a package for review.Once the projects cap rate and purchase price are agreed upon,we enter into a funding agreement with the developer outlining all the terms,roles and responsibilities in the transaction.
During construction,the developer submits monthly construction draw requests.Upon completion and rent commencement by the tenant,we make final payment to the developer for any remaining amounts,less accrued construction period interest.
Benefits to the Developer
Through the Developer Build to Suit construction funding program, there is no need for the developer to raise or contribute equity,or secure bank construction financing, because our private money lending source provides up to 100% LTC construction financing. The developer receives typical development fees and profit, as opposed to the earnings received in straight fee development deals.
The developer also realizes significant cost savings by eliminating the need for a second closing saving on disposition fees,attorney fees,,transfer taxes, etc. The developers personal liability is limited to providing performance and cost overrun guarantees.
We provide ourselves on bring our clients the most reliable,high leverage lender with certainty of execution our business partners can count on.
$1,000,000 to 10,000,000 (> 10mm case by case)
Loan to Cost
Up to 100% of total project costs
- Single and Multi-Tenant properties for all Industries
- Purchase and Rehab of existing buildings considered
- Nationwide platform
- No regional constraints
- Specializing in non-credit grade/non-Moody rated tenants and tier 2 markets
NNN executed lease,prefer 10 years and above, strong public or private tenant
Funding Construction Draws
Funding in as little as three weeks
Offer a quick draw down time of 5 days from inspection
Advance Pricing Matrix
As a developer or franchise we can provide an advance pricing and cost matrix for future pipelines of business for the same type of tenant to help prevent surprises and provide consistency for future projects
We have a one time approval process,once approved and on the plat form,we simply update information for the next project,no need to spend weeks having to prepare a new package for every new deal,this will allow for projects to be completed in a shorter period of time and increased profits
Loan to value Construction Completed
Target 65%-75% based on fully appraised value at rent commencement
- Base rate 8.99%
- Interest Only, No Pre -Payment penalty,No Underwriting Fee, No exit Fee
- In Place permits/Licenses prior to funding required
- Builder completion guaranty/project bond may be required
- Interest reserve may be required
- Exit strategy required
Recently Secured the Funding for 6.5 million Built to Suit Construction
of this Florida Plaza
Funding Build To Suit Construction Nationwide Across All Industries
Land Acquisition & Development
Private Money Financing for land developments for the acquisition and development of residential subdivisions and commercial mixed use properties
- Property Type: Residential lots and commercial mixed use
- Entitled Property
- Loan Amounts: 5 million to 50 million (case by case)
- Rates 9-14% interest only
- Terms 12 months with 6 months extension
- Proceed Use acquisition and development
- US and Canada
- Pre-Sale requirement of credit worthy buyers (case by case)
- LTV (Loan to Value) up to 65% once completed
- LTC (Loan to Cost) Up to 80%
- Sponsor equity requirement
- Compensating factors; Like to see a strong end buyer
CONTACT US TODAY
or SEND US YOUR EXECUTIVE SUMMARY
Short-term (usually less than 3 years) real estate financing secured by a mortgage on the property being financed. This loan is meant to cover the cost of land development and building construction, and is disbursed (1) as needed, (2) as each stage is completed, (3) according to a prearranged schedule, or (4) when some condition is met. Construction loans are paid off from the proceeds of permanent financing (usually for 20 to 30 years), which in turn is repaid from the cash flow generated by the completed building, and is arranged before the construction loan is disbursed. Also called building loan, construction mortgage, or development loan.