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  Up to 90% LTV with SBA Loans    
 

Construction-to-Perm

Capital Development is pleased to offer construction-to-perm loans up to 60% 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):

60%

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

Full Program Guidelines

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Demonstration




Daily FHLB 3/5/10
Prime Rate 3.25%
90-day LIBOR .25%
6-Month LIBOR .38%
5-Year FHLB 3.07%
7-Year FHLB 3.85%
Weekly SWAP 3/5/10
5-Year SWAP 2.68%
7-Year SWAP 3.27%
10-Year SWAP 3.78%
Daily SWAP 3/5/10
2-Year SWAP 1.06%
5-Year SWAP 2.16%
10-Year SWAP 3.14%
Other Rates 3/5/10
SBA 504
Debenture Rate
5.55%
NMTC
25-Yr Fixed
7.1%
 
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