Commercial Real Estate
Construction Loans
From $1mm - $500mm starting at
4.75% rate *
Medical Office Building - Hotel - Office - Retail
- Residential Developments - Multi Family /
Apartment Buildings - Warehouse - Flex
Shopping Centers - Assisted Living -
Industrial
Municipal Construction Loans to $2bn for BBB+
rated entities - More than $2bn on a case by case basis
Example rates and terms:
*Rates start at 4.75% for qualified, experienced
clients with excellent credit
LTV to 75% appraisal value (income approach)
Residential development construction loan
LOC and draw programs available
I/O available for draw programs
Owned land may qualify for 100% funding for assisted
living - retail - industrial to $10mm
Flagged hotel construction loans
LTV typically 65% - 70%
Hard money available with interest reserves for
rehab construction loans for clients with less than
perfect credit
- from $1mm
- LTV approximately 60% - varies by MSA
Usually Interest Only with No pre pay penalty
after minimum term
Interest rate 8% to 12% - can be higher
Can close in as little as 10-15 business days
To inquire about a commercial real estate
construction loan email us at
submit@michaellewisgroup.com or call the number at
the top left of the page.
|