Construction Loan Programs:


Leverage in 70%-80% LTC - senior plus mezz

Non-recourse (but with completion guarantee, DS reserve, et al)

$25M-$100M loan size, national with top 25 MSAs (NFL cities +/-)

Experienced developers min 20% cash equity from sponsor

Strong net worth & liquidity

At 75% - L+625-700 over with 50-75bps L floor

At 80% – 700-750 over LIBOR

PPP – 18 months interest

Term 3yr with ext option (flexible 2yr or 4yr)

Completion deadlines, etc

Equity in first, then mezz, then senior