sub-division FINANCING and construction

Sub-division Development and Construction Loans for Developers and Builders Nationwide
Horizontal Lot Development with Vertical Construction Component
Spec Home Construction
Build to Sell Residential Development

Lending Area:
Nationwide

Loan Amount:
$3 million to $575 million+

Term:
24 - 36 months

Rate:
6.99% - 7.99% (Interest only on funds drawn)

Origination Fee:
Varies



LTC:
90% (Hard & Soft costs) 75% ARV (may include most loan costs)



Recourse:
Non-Recourse



Funding:
4 - 8 weeks



Credit:
680 +



Experience:
Borrower must have experience



Borrower Liquidity:
5% of loan amount + cash to close



Term Sheet
Usually within 72 business hours