|
Construction Financing
| Property Types |
Hotels |
Condominiums |
Office Buildings |
Shopping Centers |
| |
|
|
|
|
| Lending Area |
Nationwide |
Nationwide |
Nationwide |
Nationwide |
| |
|
|
|
|
| Loan Size |
$10MM-100MM |
$10MM-$100MM |
$10MM-100MM |
$10MM-100MM |
| |
|
|
|
|
| LTC(%) |
75% |
85% |
85% |
85% |
| Rate/Term |
90 Days LIBOR + 300 to 400 b.p., Interest Only 24 to 36 Months + 2 years mini-perm. |
| |
|
|
|
|
| Recourse Type |
Full Recourse |
Non-Recourse (major markets only)
|
Full Recourse |
Full Recourse |
| |
|
|
|
|
| JBS Fees |
1% |
1% |
1% |
1% |
|
|
