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Streit Lending

Construction Loan
Construction Loan - LG338

Streit Lending

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

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.

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