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