I have a source offering the following:
Loan Amounts: $2,000,000 to $20,000,000
Interest Rate: From 5.95% to 6.95%
Fixed Rate Interest Period: 5 or 10 Years
Recourse: Full Recourse or Non-Recourse Available
Prepayment: 5 Years, 5%-4%-3%-2%-1%
Loan-to-Value: for projects that are stabilized up to 70% of As Is Value
Ground-Up Construction Loan-to-Cost:
70% to 80% Loan-to-Cost up to 70% of the Stabilized Value
Lien Position: 1st Lien Position
Close of Escrow: 30-60 Days
Collateral Types:
Office Complexes, Retail Strip Centers, Mixed-Use, Medical Offices, Assisted Living Facilities, Hotel/Motel (Flag or Independent), Industrial, Warehouse, Manufacturing, Land that is fully entitled and shovel ready, No Residential, No Multi-Family, No Raw Land.
Locations: U.S. only
If interested, send me executive summary providing the details of the project, timeframes, costs, and after constructed value to samcthomas45@gmail.com