Frequently Asked Questions

Yes.  Depending on the location, entitlement status, and other underwriting factors, the loan to value or LTV is usually lower than that of a construction or bridge loan.  Somewhere in the 50% range would be common.

Yes.  It’s quite common for us to fund soft costs, entitlement costs, and other planning costs, such as architecture, engineering, soils or environmental testing, as well as permits, among others.

I can honestly say we’ve closed a loan in 24 hours before, but I cannot say it was a pleasant experience for anyone!  In a perfect world, 10 to 14 days is very achievable, provided we have a full underwriting file which includes an appraisal.

Yes… usually.  Some loans with particularly high risk (location, loan amount, sponsor’s financial situation, etc) may require limited or full recourse, but all of this will be disclosed when we discuss terms or offer a term sheet.

Most definitely!  About half of all the inquiries we receive come from brokers, and we’re grateful.  It’s of course appreciated if the request is well organized, and the fee being charged is “reasonable”.

Click here for pdf of Underwriting Checklist

Our loans can go up to 85% of cost, and are great at diluting the amount of equity required.

We do not.  We exclusively provide commercial real estate investment loans.  This means no funding for primary residences.

Anywhere from 3 months to 36 months with extension options included.  Occasionally permanent financing is available with much longer terms.  But it isn’t our core business.

It’s entirely dependent upon the deal.  Because we aren’t a once-size-fits-all financing provider, the terms vary as much as the deals.  For example, a rural land acquisition will have a higher risk profile than an infill townhome development, and thus, a higher rate and fee.

Our minimum loan size is typically $5 million, but we will consider exceptions if the deal is right.  Our max is $150 million.

You can see what types of projects we fund here:  Asset Types