Construction Loans

These loans are specifically for vertical construction of projects such as multi-family housing, single-family housing, commercial, office, and industrial buildings, our approach for construction loans are underwritten against the completed value of your project, therefore giving borrowers more funding flexibility. As a project lender, our goal is to be certain your project is fully funded between the loan and your equity. Unlike a traditional bank / lender, we do not require additional deposits, nor do we have strict liquidity guidelines.

We specialize in construction loans, we understand the fundamental needs of real estate developers, builders, and contractors. We expedited the draw process, as quick as 24 to 48 hours giving you quick access to cash. We can also structure a pre-draw to cover any land and soft costs if necessary.

Land Development Loans

Our land development loans offer funding for the soft costs and entitlement requirements for development, such as architectural, engineering, environmental and other type of consultants.

We have an in depth understanding and appreciation for land loans than other lenders. Our underwriting is based on after completed value of the property, giving way for a higher loan-to-value than most lenders.

Bridge Financing Loans

We facilitate funds for the interim, or short-term funds to cover the gap between when a development has completed, and a construction loan comes due and long-term financing can be secured. We evaluate loans on the completed value of the project, eliminating additional equity or new cash equity.

As experts in construction loans, we can be helpful on broken construction loans: when a loan term balloons before construction is completed. We underwrite loans on the completed value of the project, rather than its as is value. Most lenders, this includes traditional bridge lenders, consider only the current value of the property. This way of underwriting means you will not need to bring as much liquidity to the table or dilute your equity to get a loan closed. In addition, our expedited draw process as quick as 24 to 48 hours gives you quick access to the cash your contractors need to complete the project.

Heavy Rehab / Redevelopment Loans

Built for major improvements for multifamily units, commercial, office, hospitality, and industrial buildings, our rehab loans fund major upgrades such as tenant improvements, studs-out remodels, expansions, and redevelopment. We have lower equity requirements (including cash on hand) than traditional lenders, and again unlike traditional lenders, we base our loans on the completed value of the improved building, not its as is condition. This leaves you with more funding for the project.

Lending Guidelines

Typical Loan Size: $250,000 to $50 million

Term: 6 months to 18 months, with renewal options

Commitment: as little as 48 hours of receipt of all underwriting information

Loan Approval & Funding: in as few as 5 days of loan completion

Prepayment Penalties: none

Debt Service Coverage Requirements: none

Underwriting Decisions: all decisions made in-house

Draws: typically within 24 and 48 hours of request