Construction loans
Ground-up residential and mixed-use, from single-family infill to multi-phase master planned communities. Capital is structured against the construction timeline, draw schedule, and execution risk.
Pricing is quoted as an index plus a spread in basis points; 100 basis points equals 1.00%.
Terms are indicative until credit approval, and reflect the best available as a standalone, not a combination. Maximum leverage and best pricing are generally obtained at the cost of the other, and lenders size to the lower of LTC and LTV. Leverage and pricing move with sponsor creditworthiness, experience, market, and scope. Not all borrowers will qualify for all products.
Draw mechanics
Draw schedule, interest reserve, and inspection cadence are set against the build schedule rather than a generic template.
Budget review
Hard and soft costs, contingency, and GC contract terms are reviewed before a lender sees the file.
What to send
Plans, budget, schedule, GC information, capital already committed, and the intended exit.
Turnaround
A response within 1 business day; a read on feasibility and indicative structure within 2.