Construction Loan
- LG335
- LG335
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 |
| Program Code | LG335 |
- 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.
