

This product is ideal for multi-phased construction projects starting at $10MM. It enables the client to only endure underwriting once. Most types of projects are considered. International project locations must have a stable economy and government.
Max LTC: 90% (International up to 85% LTC)
Minimum Loan Amount: $10MM
Property Types: Office, office condos, retail, residential developments, hotels, resort projects, marinas, ports & many other project types.
General requirements:
- Sufficient net worth to service 1 year of debt service
- Full Recourse
- No BK’s or foreclosures
- 640 FICO
- Contractors must be bonded
- 50% pre-sales and/or feasibility study
- 45-75 day turn time
- Up to 2 years interest reserve



