First Mortgage Bridge Debt
Assisted Living Construction Loans can get up to a combined 85% Loan To Cost
- Loan amounts on the product range from $7 Million to $35 Million
- Closings in under 45 days
- Single digit rates
- 3 years with interest only payments
- This product is perfect for deals that need quick execution and high LTV
If you need a higher combined loan to cost consider going Green on SBA 504 Construction Projects
I can finance Green and SBA 504 Construction Projects up to $25 million. These loans will have blended rates close to 5.5% and not only can we do assisted living projects under this program, we can also do hotels, self storage, funeral homes, bowling alleys and many other special purpose properties. Loan to Cost can go as high as 85% to 90%! We do this by having a conventional or bridge loan on the first mortgage and the second mortgage is an SBA loan. With a green project, we can do SBA loans EVEN if you have maxed out your SBA eligibility.
Large Project Funding
For construction deals $50 Million and up.
We can provide a combination of debt and preferred Equity/Mezzanine up to 85% loan to cost! We can get up to 65% on the first mortgage at rates in the 4’s and do a 20% preferred equity or mezzanine piece to round out the capital stack-supper aggressive financing! In fact, we can do up to 90% LTC for Class A Multi-family in major metros on these larger projects!
Of course we can fund smaller project as well. The key to using me is that I will review the loan for FREE and typically have terms in writing in 48 hours. There is no cost to get an expert second opinion and possibly, approval.
To get started, fill out the form on the right hand side.