Loans For To-Be-Built Income Producing Properties
Property Location
New England
Property Type
Office, Retail, Industrial, Multi-Family, Hospitality, Self-Storage, Residential Condos
Loan Amount
$2.0 million+
Term
Up to 24 months
LTV
Up to 75%
LTC
Up to 80%
Rate Type
Floating / Fixed
Interest Only
Yes
Rate Index
SOFR or Set by lender for Fixed Rate loans
Spread
Varies - Call for current Quote
Prepayment
None
Recourse
Completion and/or guaranty from acceptable warm body or entity
Lender Points
Varies (1/4-1%)
EagleBridge Fee
1% typical, though transaction specific