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Construction-to-Perm
Capital Development is pleased to offer construction-to-perm loans up to 75% conventional and 90% SBA. Multi-use properties are eligible for this program. Our most popular program requires only a single close to go from groundbreaking to occupancy.
Summary:
Product Type: |
Owner-Occupied Construction-to-Perm |
| Property Type: | Construction financing and upon completion, conversion to permanent term loan. |
Loan Amount (min/max): |
$250,000 to $5MM |
LTV (max): |
75% |
CLTV (max): |
90% SBA |
Amortization / Term: |
Interest Only / 1yr |
Minimum FICO: |
650 |
Minimum DSCR: |
1.20x |
Non-Eligible: |
Ground Lease, Start-up |
Cash-out: |
N/A |
Collateral: |
Real Property |
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