Private Capital Solutions
1 to 3-Year Fixed & Variable Interest Only Construction Loans
Loan is fixed or variable for up to 3-years with interest only amortization. Loan is due at the end of the 1 to 3-year term. No prepayment penalty in most cases. Eligible properties include multifamily 5+ units, 1-4 unit residential, condos, office, retail, industrial, manufactured housing, self-storage, hotels, and healthcare. ICS Construction Loans are short-term interim loans designed for new construction and major rehab projects prior to securing long-term financing or disposition.
Submit Loan Request | Understanding Loan-to-Cost Ratio
| PRIVATE CAPITAL CONSTRUCTION & REHAB LOAN DETAILS | |
| Leverage: | Ground-Up: Max ARV: 65% | Max LTC: 80% | Build Cost:100% | Min Credit: 650
Rehab: Max ARV: 75% | Max LTC: 85% | Build Cost: 100% | Min Credit: 650 |
| Loan Amount: | Ground-Up: $250K to $100MM+
Rehab: $150k+ |
| Experience: | Prior construction / rehab experience highly preferred. |
| Property Types: | Most property types considered. Multifamily, office, retail, industrial, mixed-use, specialty use, 1-4 unit residential. |
| Occupancy: | Owner occupied residential developments, investment properties, commercial owner-user. |
| Rate: | Starting rate a Prime + 2%. Rates are project specific and heavily based on sponsor experience. |
| Liquidity: | Minimum 10% of project budget + minimum 6-months interest reserves |
| Amortization: | Interest only during construction. |
| Reserve account: | A reserve account will be used to make monthly payments on behalf of Borrower until construction phase is finished and property is ready for take-out financing. |
| Builder: | Must be approved by lender. |
Required Documents for Loan Review
- Sponsor resume / track record
- Sponsor personal financial statement
- Project scope of work / budget
- Builder resume / track record
