CONSTRUCTION LOANS

 PROPERTY TYPES:  ALL TYPES

LENDING AREA:  NATIONWIDE AND INTERNATIONAL

PROPERTY GRADES:  ALL GRADES

BORROWER CREDIT GRADES:  ALL GRADES

LOAN TO VALUE:  50% TO 90% (DEPENDS ON SIZE, LOCATION, USE)

LOAN TO COST:  50% TO 90% (DEPENDS ON SIZE, LOCATION, USE)

LOAN TYPES:  LAND DRAW, PRE-DEVELOPMENT, SITE DEVELOPMENT, SUBDIVISIONS (ALL TYPES), SPEC, PRE-SALES OF FINISHED LOTS, PROJECT COMPLETIONS, JOINT VENTURES, AND EQUITY PARTICIPATIONS

CURRENT AVERAGE FIXED RATES:  9.75% TO 14.75% (DEPENDS ON SIZE, TYPE, LOCATION, AND PURPOSE)

CURRENT AVERAGE ADJUSTABLE RATES:  PRIME (8.25%) + 1.50% TO 2.75%

CURRENT AVERAGE TERMS:  6 MONTHS TO 5 YEARS (DEPENDS ON SIZE, LOAN AMOUNT AND CONSTRUCTION SCHEDULE)

DEBT SERVICE:  INTEREST RESERVE COVERS DEBT SERVICE UNTIL PROJECT IS COMPLETE AND PAID OFF BY PERMANENT LOAN OR SOLD TO END USER

CURRENT AVERAGE LOAN FEES:  2.00% TO 6.00% (DEPENDS ON LOAN SIZE, TERM, LOCATION, PRE-SOLD OR SPEC)

JOINT VENTURES:  EQUITY PARTICIPATIONS WILL RANGE FROM 10% TO 60% DEPENDING ON SIZE, LOCATION, PROPERTY TYPE, AND WHETHER SPEC OR PRE-SOLD

MINIMUM/MAXIMUM LOAN AMOUNTS:

$100K TO NO MAXIMUM (CALIFORNIA ONLY)

$500K TO NO MAXIMUM (NATIONWIDE)

$5 MIL TO NO MAXIMUM (INTERNATIONAL)

 NOTE:  FORWARD TAKE-OUT COMMITMENTS ACCEPTED OR ARRANGED

            DEVELOPMENT EXPERTISE IS AT YOUR FINGERTIPS NOW!