Skip to content
logo
Search
Close this search box.
(800)865-9011

City Bay Capital

Construction Loan
- LG335

City Bay Capital

Summary of all Guidelines

Loan Types Construction Loan
Property Types Hotel, Multi Family
Lendding Area NATIONWIDE
Loan amount Minimum $30,000,000
Loan amount Maximum $200,000,000
Terms 1 year, 18 month, 2 year, 3 year
Interest Only or Amortized Interest Only
Lien Position 1st
Recourse Non Recourse
General Pricing or Guideline info - Rates: Starting at 500bps + SOFR. - LTC: Up to 75%, possibly higher with additional collateral. - Term: 1 – 3 years with extension options. - Asset Types: Multifamily, hospitality, and other asset types on a discretionary basis. - Executions: Construction, construction completion, recapitalization, alternative reuse, gut renovation, and land. - Borrower: Special purpose entity owned by qualified investors.
Updated as of 2023-11-15

- Rates: Starting at 500bps + SOFR.
- LTC: Up to 75%, possibly higher with additional collateral.
- Term: 1 – 3 years with extension options.
- Asset Types: Multifamily, hospitality, and other asset types on a discretionary basis.
- Executions: Construction, construction completion, recapitalization, alternative reuse, gut renovation, and land.
- Borrower: Special purpose entity owned by qualified investors.

These descriptions are limited information and meant for general reference purposes.