Private Money Construction/Land Development Loans

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.

Process Overview

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.

Program Highlights

Loan Amount

$1,000,000 to 10,000,000 (> 10mm case by case)

Loan to Cost

Up to 100% of total project costs

Property Types

  • Single and Multi-Tenant properties for all Industries
  • Purchase and Rehab of existing buildings considered

Lending Area

  • Nationwide platform
  • No regional constraints
  • Specializing in non-credit grade/non-Moody rated tenants and tier 2 markets

Lease:

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

Approval Process

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

Rate

  • Base rate 8.99%
  • Interest Only, No Pre -Payment penalty,No Underwriting Fee, No exit Fee

Other

  • In Place permits/Licenses prior to funding required
  • Builder completion guaranty/project bond may be required
  • Interest reserve may be required
  • Exit strategy required

 

CRE Built to Suit Florida

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

Loan Parameters

  • 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

877-243-3432  moneysourceamerica@gmail.com

GET APPROVED

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.