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Fair Winds Commercial Capital

Construction Loan
Acquisition, Development, and Construction loans. - LG561

Fair Winds Commercial Capital

Summary of all Guidelines

Loan Types Construction Loan
Property Types Land Entitled, Multi Family, SFR
Lendding Area NATIONWIDE
Loan amount Minimum $100,000
Loan amount Maximum $2,000,000
Interest Rate Minimum 10.5%
Points Minimum 1st TD 1.25
Terms 15 year, 20 year, 30 year
Fees Processing Fee
Lien Position 1st
Max Points Charge by Broker 2
Prepayment Penalty 3 years, 4 years
Program Code LG561

Your one step solution for horizontal and vertical construction.
Tailor-made for the acquisition of development-ready plots, encompassing both land preparation and construction costs. Ideal for building new communities from the ground up.

Program Overview
Purpose: Acquisition, Development, and Construction loans. Experienced developers and builders benefit by consolidating and streamlining their AD&C financing for construction projects with an ‘All-In-One’ loan!
Terms (up to): 24 months
Loans Amounts:
• Min Loans Amount: $500,000
• Max Loans Amount Per Unit: $3,000,000 • Max Loans Amount: $20,000,000
Total Units per Loans: Multiple properties per loan allowable ifi n the same jurisdiction
LTC: <85% As Repaired / Improved LTC- Horizontal: Post Lot Development <55% As Repaired / Improved LTC- Vertical: <65% Property Type – Horizontal: Entitled land with zoning in place. Property Type: • Single Family • Townhouses • Condo • 2-4 unit properties Eligible states: All except ID, HI, MI*, MT, ND, NV, SD, VT, WV, WY *MI is eligible for Single Family Rental loans

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