We are a direct lender on development/construction projects in the U.S for qualified developers. We love funding and investing in hospitality projects but will finance the development of other asset…Continue
We are looking to fund commercial real estate development projects or portfolio acquisitions within the U.S. with legitimate and experienced commercial real estate developers and investors. We like…Continue
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Cressida Capital (www.cressidacapital.com) is offering commercial development / construction funding for experienced developers:
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