Construction Loan
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 |
Bridge Loan
Cannabis Loans |
| Property Types | Cannabis Related |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $10,000,000 |
| Interest Rate Minimum | 8% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 1.5 |
| Terms | 1 year, 2 year, 3 year |
| Lien Position | 1st |
| Intended Occupancy | Owner Occupied Business |
| General Pricing or Guideline info | Location:
Major Cities in the Western US
Loan Amounts:
$500K-$10M
Financing Types:
1st Trust Deeds Only
Property Types:
Commercial. We do not lend against agricultural land or greenhouses.
Loan to Value:
70% of Market Value
Interest Rates
Starting at 7.99%
Origination Fee:
1-1.5 points for 12 months
Term:
1-3 years (Include same term for bridge and construction loans as well)
Streit Lending can also provide debt for cannabis related tenant improvements. We fully grasp the complexities associated with cannabis tenancies, for example proper licensing, environmental issues and title insurance among many others and we have successfully navigated these complexities quick and efficient closings. |
| Updated as of | 2023-11-16 |
| Program Code | LG340 |
Bridge Loan
Bridge Loan |
| Property Types | 2-4 Units, Cannabis Related, Condo, Industrial, Land Entitled, Medical Office, Multi Family, Office, Retail, SFR, Shopping Center, Strip Center |
| Lendding Area | california |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 7% |
| Points Minimum 1st TD | 1 |
| Terms | 1 year, 2 year |
| Lien Position | 1st, 2nd |
| General Pricing or Guideline info | Location:
Major Metropolitan Areas in California
Loan Amounts:
$500,000 – $5,000,000
Financing Types:
First and Second Trust Deeds
Property Types:
Residential (Non-Owner-Occupied or Business Purpose) and Commercial Properties.
Loan to Value:
Up to 70%
Interest Rates
Starting at 6.99%
Origination Fee:
Starting at 1%
Term:
1-2 Years
Our goal is to provide quick, transparent and stress-free closings to help our borrowers execute their business plans without the headaches and months-long waiting period associated with conventional loans. |
| Updated as of | 2023-11-16 |
| Program Code | LG339 |
Summary of all Guidelines |
| Loan Types | Bridge Loan, Construction Loan, Hard Money Loan, Rehab Loan |
| Property Types | Cannabis Related, Commercial, Industrial, Office, Retail, SFR |
| 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 years |
| LTV Bridge | 70 |
| Intended Occupancy | Non-Owner |
Streit Lending originates commercial and residential construction/rehab loans in Southern California only. We understand that time is of the essence with all construction/rehab projects. Those involved in the field of construction require deal certainty to ensure the swift execution and profitability of their construction/rehab plans. Our borrowers are well into the first if not second phases of their projects in the same time it would take to secure a conventional construction loan.
Streit Lending is located in Van Nuys, CA. They offer financing for Bridge Loans, Construction Loans, Hard Money Loans and Rehab Loans. The property type they primarily lend against is SFR, Cannabis Related, Office, Industrial, Retail and Commercial. Their minimum loan amount is $500,000. Their maximum loan amount is $5,000,000. They offer loans for a minimum Term of 1 year. Maximum duration of 1 year;2 years. Although rates can change they are typically lending at a minimum rate of 8%. Points charged are deal specific, but historically have charged a minimum of 1.5.
These descriptions are limited information and meant for general reference purposes.
