Construction Equity Loans We typically provide up to 75% of required equity for residential construction Or land development projects. Being behind first mortgage construction debt, So banks are in first lien position, our mezzanine capital is in a second lien Position and the developer's equity are in the third position. The funding sizes Range from $500,000 - $20 million per property. We prefer a 1-4 year investment period, and structure deals to be repaid by Receiving one-third of the project's projected profit upon sale.
An example on a $5 million project 75% LTC Senior Loan or $3.75 million 15% LTC Construction Equity Loan or $750,000 10% Developer's funds, $500,000 which can be a combination of real estate equity and liquid assets Assuming an eighteen to twenty-four month loan term and a projected net Sales value of the property of $7.5 million (a $2.5 million profit), we would fund Our $750,000 equity at closing and take a note for $1.57 million ($750,000 Funded plus $875,000 profit participation) secured by a second lien on the property. The profit participation includes interest, fees, etc. All loans require guarantees Of principals who must meet minimum credit criteria Key Qualifying Factors: Volume of Pre-Sales Developer's Assets and Background Market Sales History ROI of the project We Also Provide: Financing for Church, Retails, Auto Shops, Car Wash etc No Doc, No Seasoning Private Loans Condo Pre-sales Program for Developers Up to Stated 90% LTV for Mix-Uses Property Residential and Commercial Rehabs Loans Commmercial 2nd Loans, up to 90% CLTV Up to 100% Residential Construction Loans on Owner-occupied Spec and 2nd Homes Mobiles and Manufactured Homes Fritz Cadet, Heinch Lending Group, Inc Direct: 407.473.9498 Fax: 954.862.3068 Email: [EMAIL PROTECTED] --~--~---------~--~----~------------~-------~--~----~ [RealEstateDeals] A part of http://realestatezoo.com Apply online for commercial real estate loans in just minutes at http://realestatezoo.com You received this message because you are subscribed to the Google Groups "RealEstateDeals" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/RealEstateDeals -~----------~----~----~----~------~----~------~--~---
