HOT New Construction Loan Product

[Karen Schimpf]

It's time to get some BIG projects funded! Below is a new product we are rolling out for large construction loans(over $50 Million to no limit).

Some Highlights:

Minimum Loan $50MM ($100MM and up preferred)

• No maximum limit on loan amount
• 4-year term with 4-year extension available
• The effective cost of capital over the first 4 years is about 6.25%
• The cost of capital drops in the second 4 years (about 5%) so some borrowers treat it as a mini-perm
• 75% LTC (but can go much higher if the numbers support it)
• Most asset classes available (we are not limited to only multifamily)
• This program is for strong projects, strong developers, strong teams, high exit DSCR
• Land must be owned before funding (cannot be purchased as part of funding, but can be paid off as part of funding)
• The project needs to be fully entitled and pretty much ready to go

Give us a call today to discuss your commercial finance needs or get started by filling out this form!

Karen Schimpf

(512) 358-1511

[email protected]

www.ApplyCommercialLoans.com 

P.S. We help your business secure $150,000+ in working capital for restaurants, retail, hotels, IT companies, assisted living facilities, and medical practices. Whether you’re expanding, managing inventory, or covering unexpected expenses, we provide tailored solutions to keep your business thriving. Call me today to access the funding you or your clients need at 512-358-1511!

P.S.S Don't forget - We are still actively funding on our other loan programs - Fast Close Bridge and SBA loans for business only or Real Estate. We also can fund some smaller construction loans with our other programs like the $20 Million ground-up hotel deal we recently funded.