Construction Loan
Construction Loan - LG338
Construction Loan - LG338
Summary of all Guidelines | |
| Loan Types | Construction Loan |
| Property Types | 2-4 Units, Cannabis Related, Condo, Industrial, Land Entitled, Medical Office, Multi Family, Office, Retail, SFR, Strip Center |
| Lendding Area | california |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 8% |
| Points Minimum 1st TD | 1.5 |
| Terms | 1 year, 2 year |
| Lien Position | 1st |
| General Pricing or Guideline info | Location: Major Metropolitan Areas in Southern California Loan Amounts: $500,000 – $5,000,000 Financing Types: First Trust Deeds Only Property Types: Residential (Business Purpose) & Commercial Properties Loan to Cost: Up to 70% Interest Rates Starting at 7.99% Origination Fee: Starting at 1.5% Term: 1-2 Years We can finance single family homes and 1-4 units as well as apartment, retail, industrial and office buildings. In some instances we can even finance tenant improvements. At Streit Lending, we fully grasp the complexities associated with constructions projects. Consequently, we tailor a loan’s structure, including interest reserves and construction draw schedules, to meet our borrowers’ needs. Subsequent to closing, we work closely with our borrowers to ensure the successful completion of their construction projects. Depending on the loan, we can often offer in-house fund control at no additional cost. |
| Updated as of | 2023-11-16 |
| Program Code | LG338 |
Location:
Major Metropolitan Areas in Southern California
Loans Amounts:
$500,000 – $5,000,000
Financing Types:
First Trust Deeds Only
Property Types:
Residential (Business Purpose) & Commercial Properties
Loans to Cost:
Up to 70%
Interest Rates
Starting at 7.99%
Origination Fee:
Starting at 1.5%
Term:
1-2 Years
We can finance single family homes and 1-4 units as well as apartment, retail, industrial and office buildings. In some instances we can even finance tenant improvements. At Streit Lending, we fully grasp the complexities associated with constructions projects. Consequently, we tailor a loan’s structure, including interest reserves and construction draw schedules, to meet our borrowers’ needs.
Subsequent to closing, we work closely with our borrowers to ensure the successful completion of their construction projects. Depending on the loan, we can often offer in-house fund control at no additional cost.
