Rich Coppage's Blog (3)

Developer/Construction Financing @ 2% / 90% LTC / Non-Recourse

Cressida Capital (www.cressidacapital.com) is offering commercial development / construction funding for experienced developers:

  • $10 million minimum loan amount (no max)
  • Rates currently run 2% - 3%
  • Up to 90% loan-to-cost
  • Structured as debt or equity
  • Non-recourse
  • Appropriate for the development/redevelopment of hotels, resorts, assisted-living facilities, high-rise multifamily, and business…
Continue

Added by Rich Coppage on February 16, 2016 at 10:43am — No Comments

Cressida Capital Provides $2.75 Million Bridge Loan

Continue

Added by Rich Coppage on November 28, 2014 at 3:21pm — No Comments

How Are Commercial Construction Loans Underwritten?

Here is how commercial construction loans are underwritten.  The first test is the profit test.   Will your finished project be worth more than it will cost to construct?  Most lenders will require at least a 20% profit margin.

 

A related test is the loan-to-value ratio.  After the project is completed and, say, your strip center is occupied, will the construction loan be less than, say, 75% - 80% loan-to-value. 

 

Commercial construction lenders often will not…

Continue

Added by Rich Coppage on November 18, 2014 at 1:01pm — No Comments

© 2020   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service