Residential Construction Loan PROGRAM
Unit Count : Up to 200 Units per phase
LTC : 85% | 100% of vertical budget
Loan Amounts: $1,000,000 - $40,000,000
Rates: Starting at SOFR +600
Sponsor Profile : Experience 1-3 prior projects and a minimum
Stabilized Max LTV : 65%
Exit Strategy: Sale
Markets : Nationwide, primary markets & secondary markets
Commercial Bridge Loan Program
Property Type : All assets classes considered
LTV : Up to 75% LTV + 100 Capex
Loan Amounts: $2,000,000 - $50,000,000
Rates: SOFR +650
Sponsor Profile : 10% Post closing liquidity. Sponsor should have experience in the market and similar sized projects.
Full Loan Stabilized LTV : 75%
Stabilized DSCR : N/A
Capex Budget : 100% costs
Other : Strong preference toward grocery anchored retail centers. Big box and power centers are preferred in primary markets in strong retail corridors. Industrial assets and tier 1 flagged Hotels.
Permanent Commercial Loan Program
Property Type: All assets classes considered
Deal Profile : Acquisitions & refinances
LTV : Up to 65% (10% of loan proceeds can go to Capex)
Loan Amounts: $2,000,000 - $100,000,000
Rates: Starting at SOFR +400
Sponsor Profile : 10% post closing liquidity.
Stabilized DSCR : Min 1.25x on a 25 year amortization market rate basis. 1.20x on Multifamily on a 30 year amortization.
Markets : Nationwide, primary markets & secondary markets
SBA Loan Program
Property Type: Owner occupied (all assets classes considered)
Deal Profile : Ground up construction of owner occupied real estate, business acquisition, debt consolidation, improvements, and cash out/working capital.
LTV : Up to 90% (up to 100% for business expansion loan)
Loan Amounts: $1,000,000 - $20,000,000
Rates: Starting at 5 year T + 500
Sponsor Profile : 580 minimum fico. 5% post closing liquidity.
Stabilized DSCR : Min 1.25x on a 25 year amortization market rate basis.
Markets : Nationwide, primary markets & secondary markets