Construction Loan Properties

Loan Amount

$1,000,000 – $50,000,000

Loan Term

1,2, and 3 year floating

Amortization

Interest reserve or interest only

Minimum DSCR

N/A

Maximum LTC

75%

Interest Rate

Check with your ASC representative

Geographic Location

National

Eligible Property Types

Tier 1

  • Multi-Family
  • Mixed-Use
  • Cooperative
  • Assisted Living Facilities
  • Mobile Home Parks
Tier 2

  • Student Housing
  • Condominiums/Townhouses
  • Healthcare
  • Retail
  • Hospitality

Recourse

Partial and Non-Recourse

Pre-payment

Not applicable

Assumability

Not applicable

Eligible Borrower

  • 680+ personal credit score
  • Net worth to loan request ratio of 1.00+
  • 10%+ of liquidity to loan request ratio
  • 3 + years of development experience

Eligible Property

  • Entitlement and zoning completed
  • In good standing with all municipal codes
  • At or below 70% LTV after stabilization
  • 30% pre-sales if applicable