Construction loan at 65% of AS COMPLETED VALUE

[Kelly S]

Construction loan at 65% of AS COMPLETED VALUE

which can be 100% of the construction loan amount in many cases. NOT ALL ....

$1mm minimum - USA all 50 states

2 broker points origination

5+ lender points origination (makes up for the $ a sponsor would typically need to bring to the table)

Origination comes from loan proceeds.

12-24 month term Interest Only

12% interest rate.... *** rates are in flux and change... but these are the ballpark terms.

Michael Lewis Group
Commercial real estate loans
http://michaellewisgroup.com/

Attention loan brokers! - We co-broker on an even 50/50 split paid at close by wire

[e-mail]

440-637-5646