Ground-up Construction Loan Amount:$5,000,000 TO 55,000,000
Rate: Priced individually with interest rate based on 30 day Libor (floor) plus applicable spread
LTC:Varies from 70% - 85% based on asset types & loan parameters
Term: 1 – 3 year terms with extension options
Ground-up development/construction (multi-family & mixed-use assets only; no SFR) and also offer Pref Equity pieces on both ground-up development and existing assets (multi-family & mixed- use assets only). Finance can involve Federal and State Historic, New Market, & Low Income Tax Credits as well as PACE/CPACE.