This product is ideal for large projects with established developers looking to raise all of the required capital. We will provide an Equity Partner as well as underwrite the necessary debt portion to complete all the development costs.

Max LTC: 100% (Guarantor must have soft costs into the deal)

Loan Amount: $10MM—No Limit

Property Types: Most favorable are ‘sell-through’ properties such as office condos, and residential developments. Hotels, casinos, country clubs, fractionals, office, retail properties may also qualify.

General requirements:

• Sufficient net worth to service 1 year of debt service
• Full Recourse Required for all partners holding >10%
  
• No BK’s or foreclosures
• 700 FICO Preferred
• Contractors must be bonded
• New Projects must have Feasibility Study
• 100+ day turn time. Dependant on Complexity of the Project
• Equity Partner will Require 30-60% of Project’s Profit
• International projects OK