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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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%