Rich Coppage
  • Scottsdale, AZ
  • United States
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Direct Lender for Development and Construction Projects

Started Aug 5, 2019 0 Replies

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

JV Partnership Available for Legitimate Developers/Investors/Businesses With Limited Cash Resources

Started May 22, 2017 0 Replies

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

Tags: mezzanine, mortgage, debt, Equity, JV

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

Started Feb 16, 2016 0 Replies

Cressida Capital (www.cressidacapital.com) is offering commercial development / construction funding for experienced developers:$10 million minimum loan…Continue

Acquisition and Development Loans Primer

Started Jul 12, 2015 0 Replies

I’m writing this short primer because I get development loan requests for projects on a daily basis from borrowers and other brokers who aren’t well versed on how lenders analyze A&D loan…Continue

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Rich Coppage updated their profile
Aug 5, 2019
Rich Coppage posted a discussion

Direct Lender for Development and Construction Projects

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 classes as well.$20MM minimum (will go smaller on a case-by-case basis)Mixed-use retailOfficeHospitality (our specialty / JV Equity available)Assisted-LivingMedicalTourism and Offshore FacilitiesMulti-familyMixed-Use ResortsCondosCasinosMarinasGolf and Beach ClubsOthersWe don't fund pure residential…See More
Aug 5, 2019
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Profile Information

Company name and description
DerCam Capital Advisors
Debt/Equity Capital Acquisition
Specialized Tax Recovery

Rich Coppage's Blog

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

Posted on February 16, 2016 at 10:43am 0 Comments

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…
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Cressida Capital Provides $2.75 Million Bridge Loan

Posted on November 28, 2014 at 3:21pm 0 Comments

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How Are Commercial Construction Loans Underwritten?

Posted on November 18, 2014 at 1:01pm 0 Comments

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…

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