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Construction Loan Program

Our Construction Loan programs are design with the developer in mind, for efficiency and speed.

· We have a wide array of programs available for construction financing.

• Builder Friendly and Quick Draw Schedule

• Construction loan amount limits are from $500,000 to $500 million.

CONSTRUCTION PROGRAM HIGHLIGHTS

Product Type Multifamily, Office, Retail, Strip Malls, Lt Industrial, Auto Service, Assisted Living Care, Single Tenant Office Condos, Self Storage, Mobile Home Parks, Warehouse and most income producing properties. (No Single Family Residential)

Most loans offer a Construction to Perm feature.

Loan Amounts Loan amounts of $500,000 up to $500 million available.

Preferred Loan Amounts $2,000,000 to $20,000,000.

Maturity Exit Strategy mandatory 12 to 36 months

INTREST RATES Floating over Prime; typically subject to a floor.

Index (Your Choice) 4.000% Prime +1 adjusted monthly (4.00%) + 1 = 5.00%

2.235% LIBOR 3 month +

3.762% 10 Year Treasury +

12% to 14% Hard Money (Private Lender closes within 10

Business days) this is expensive but fast with little paperwork.

Land Acquisition 30% to 50% (typically 40%)

Term 12 months to 36 months; extensions available

Loan to Cost Up to 80% of cost

Loan to Value 75% Maximum LTV of stabilized value

Prepayment Penalty No pre-payment penalty

UNDERWRITING Loan to Cost Value, Loan to Value and Debt Service Coverage negotiable on a case-by case basis.

CLOSING Typically 45 to 60 days after receipt information.