Construction loans at 80% LTC from $5mm to $80mm+

[Mike Lewis]

 

• Acquisition or Refi and Renovate

*80% LTC or LTV

*10 Year loan

*30 Year Amortization

*Non Recourse

*No Prepayment Penalty

* 4.5% to 6.5% Interest Rate

*Up to $75 million

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• Ground Up Construction

*Up to $80 million (more if we arrange syndication) 

*Non Recourse

*80% LTC

*5.0% to 6.5% IO credit facility

*Up to 3 years

*No Pre Pay

• 20% Equity Includes Cash In To Date or Equity in Land or Asset if Owned

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• Stack Financing

*Typically up to $500 million but have capacity to fund larger

*70% Senior Debt 3 Month LIBOR + 300 BPS, adjusting quarterly

*10-20% Equity (includes cash in to date or Equity in the Land or Asset if Owned already)

*Remaining in a Mezz at 8%

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