Submitted by Naomi M on Sat, 09/15/2007 - 00:00.
New Construction and Developer Commercial Loans
There are a number of funding sources still ready, willing and able to finance your construction project.
Obtain Construction Loans for Stabilized Income-Producing Properties
You will need a Loan Application Package and Underwriting Analysis Report in order to submit your deal. Please review the Commercial Loan Services Section for details.
Obtain Financing for Development Projects
Financing for land acquisition and land development for residential and commercial projects is available.
Typical loan criteria:
To get started with your development project, complete the Developer Quick Qualifier Form now.
Obtain Construction Loans for Stabilized Income-Producing Properties
| Healthcare - Assisted Living - Board and Care - Congregate Care - Hospital - Independent Living - Intermediate Care - Skilled Nursing Home - Specialized facilities: Alzheimer's Facility and Drug and Alcohol Treatment Centers Hospitality/ Hotel Industrial building Manufacturing building Mixed use Mobile home park Multifamily - Apartments - Senior housing - Student housing - Military housing - Townhome style - Co-op |
Office - CBD office - Suburban garden office - Suburban high rise - Medical office - Other Retail - Grocery anchored retail - Other anchored retail - Free standing retail - Strip center – anchored - Strip center – unanchored - Mall – super regional - Mall – regional - Specialty center - Unanchored retail - Single tenant investment - Single tenant non-investment - Outlet center Self storage |
You will need a Loan Application Package and Underwriting Analysis Report in order to submit your deal. Please review the Commercial Loan Services Section for details.
Obtain Financing for Development Projects
Financing for land acquisition and land development for residential and commercial projects is available.
Typical loan criteria:
- Loan to value: Up to 75% LTV
- Term: Flexible loan term up to several years or more
- Prepayment: Typically there is no prepayment penalty
- Rates: Vary from 9-18% per annum, interest only, depending upon the collateral and loan structure
- Loan size: $500,000 to $100M+
- Turn-time: Commitments can be issued in as little as 24 hours. Closings can be as quick as 5-7 business days.
- Collateral: Real estate and other fixed or liquid assets
- Lender fee: 1-4% of the loan amount
- Placement fee: 1-2% of the loan amount
To get started with your development project, complete the Developer Quick Qualifier Form now.
| Examples of Development Projects Funded | |||
| Type | Loan Amount | Location | Use |
| Land acquisition | $7 million | Kona, Hawaii | 42-acre residential development |
| Land acquisition | $47 million | Eagle County, Colorado | 973-acre residential gated community |
| Land development | $29.3 million | Orlando, Florida | 120-acre luxury residential community |
| Construction loan | $28.8 million | Cedar City, Utah | 2,600-acre all-season resort community |
| Construction loan | $4.55 million | Cody, Wyoming | Two hotels: a 4-star hotel and a Super 8 |
| Land development | $47 million | Pasco County, Florida | Town Center Project: mixed-use retail and office complex in 15 buildings including restaurants, commercial and medical businesses and 800+ parking spaces |
| Land development | $55 million | Georgia | Waterfront Resort: residential units, lifestyle center, condo/hotel, restaurants and shops, new deep water marina |
| Land acquisition/development | $7 million | Las Vegas, Nevada | Boutique hotel and state-of-the-art theatre |
| Land acquisition/golf course | $2.1 million | Plant City, Florida | Championship golf course and country club on 400-acres |
| Land acquisition | $12 million | Laughlin, Nevada | 78-acres for future development of casino/hotel |
| Land development/condo conversion | $6.525 million | Los Angeles, California | Convert a 6-story downtown, industrial building to condominiums |
| Land acquisition/nightclub | $6.825 million | Houston, Texas | 18.75-acre site to build a 52,000 SF nightclub and concert hall plus retail shops |
| Land acquisition/themepark | $2.7 million | Tamarac, Florida | Purchase of a gas station, car wash and convenience store |
| Bankruptcy workout | $2.6 million | Camden, New Jersey | Alleviate Chapter 11 bankruptcy claims against a commercial building occupied by long-term tenants |
| Beachfront condo development | $6.6 million | Panama City, Florida | Mid-rise beachfront condominium project |
| Medical mall development | $5.2 million | Dayton, Ohio | Reposition a defunct hospital into a center for healthcare services |
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