Our Commercial Real Estate Products

BUILD-TO-SUIT CONSTRUCTION LOANS

  • Ground-up construction or retrofit of existing structures
  • Minimum 10-year NNN lease executed pre-close
  • All direct project costs including land and soft costs included
  • Single tenant projects with strong credit preferred
  • Only strong national credit tenants considered for multi tenant projects

LENDING MATRIX

LENDING CRITERIA TERMS
Loan Size $2-$10MM
Maximum Loan to Project Cost (incl. Financing) 80%-100%
Maximum Stabilized LTV 75%
Reserves (as required) Interest/Tax/Insurance/Construction
Loan Term 12-36 months
Typical Origination/Exit Fees 1.0%/1.0%
Prepayment Open Prepay with Minimum Interest
Loan Guaranty Non Recourse with Completion Guaranty. Surety Bond may be required
Minimum Guarantor FICO 640
Minimum Guarantor Liquidity/Net Worth 15%/100% of Loan Size
Guarantor Bankruptcy/Foreclosures None in last 5 Years

Featured Project

Jiffy Lube

Texas
$2,150,000