This program offers loans for entitled land, pre-development and future sale. 

 

Loan Amount          $3M-$100M

 

Interest Rate           Starting 7.99%

 

Loan Term               12-24 months + Extensions

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Amortization           Interest Only

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Security                   First Mortgage lien or Trust Deed

 

Loan-to-Value         Up to 55% of As-Is Value

 

Loan-to-Cost           Up to 55%

 

Origination/

Exit Fees                  3-5%

 

Recourse                  Non-Recourse Available

 

Borrower/

Guarantor                 No min. re’d, asset-based loans only

 

Location                    Inner City Infil & Developed Suburbs Only

 

Loan Type                 Pre-development to Construction, Acquisition

 

Geo Focus                 Nationwide & Canada