100MM + projects

100MM + projects Minimum Construction Budget: The minimum construction budget is $100MM. This includes hard costs, soft costs, financing, horizontal/vertical budget, land payoff (if there is a loan on the land) and other direct associated costs of construction. Our PREFERRED minimum and most favorable LTC are for loans of at least $400MM, ideally $500MM. If combined construction loans are at $400MM - $500MM and above, they can fund UP TO 90% LTC if the numbers support it. Asset Classes: With this loan program, we can fund most asset classes, with the exception of Office. Previous projects funded include such diverse asset classes as Data Centers, Laboratories, Winery Resort, Casino, Hospital and of course, Multifamily. Rate and Term: The interest rate has been averaging 4.75%.