BCCG specializes in the private placement of residential, multifamily, and commercial real estate development construction loans to the private investor marketplace. Our loan clients are experienced local commercial real estate owner-operators, builders, real estate developers, and construction companies.
For Short-Term Projects, like Single-Family New Construction/Fix and Flip, SFH Subdivisions, townhomes, and Condominiums, Metropolitan Commercial Mortgage (BCCG) manages a short-term construction loan product that is driven by the profitable “re-sale” of the property upon completion. Our in-house loan program is more competitive than a bank loan product and combines the best features of a typical construction loan and combined with the best features of taking on a silent/JV partner. See the short-term program highlights below:
- From 80% up to 90-100% Loan-to-Cost (LTC)*
- Up to 85% Combined-Loan-to-Value (CLTV)
- Short-Term, Non-Recourse Up to three (3) year terms w/NO Amortization Schedules.
- Unique Fractional Repayment Structure allows the loan to be paid off as the newly built housing units are sold off.
- Loan proceeds can be used to purchase the construction site, vertically construct the housing unit in Inventory, install the mechanical systems, finish the project, and stage and market the property for prompt resale.
- For townhomes, condominiums, and residential subdivisions (raw land development projects considered as well).
- Loan proceeds can be used to buy finished, shovel-ready lots or vacant tracts of land to be developed into home sites with the subsequent construction of spec homes, model homes, amenities, appliances, and interior finishes.
- Loan Approval Driven by Appraised Value, Pre-Sales, Feasibility, and the builder/developer’s Wholesale-to-Retail Ratio
- The loan is “fractionally” paid down PLUS interest as you sell off the newly built housing-unit inventory.
For Long-Term Project Income-Producing Projects like Multifamily (5+ Units), Senior Housing, Retail, Office, Industrial, Mixed-Use (Apartments-Over-Retail0, Mixed-Use (Office-Over-Retail), Self-Storage/Warehouse, Healthcare/Medical, Hotel/Motel/Lodging/Resorts, and BCCG’s multifamily rental property financing program provides $2,500,000 up to $50,000,000+ for builders and developers who are sponsoring projects for long-term “buy-and-hold” commercial property ownership.
Our in-house loan program is more competitive than a bank loan product and combines the best features of a typical construction loan and combined with the best features of taking on a silent/JV partner. See the long-term program highlights below:
- From 80% up to 90-100% Loan-to-Cost (LTC)*
- Up to 85% Combined-Loan-to-Value (CLTV)
- Fixed Interest Rate starting at the WSJ Prime (currently 8% as of 11/7/2024)
- Long-Term, Non-Recourse Project Financing.
- Construction-to-Perm terms of up to three (3) years interest-only for the construction/stabilization phases, PLUS 15-30 fully amortized terms available.
- Loan proceeds can be used to cover the purchase of the construction site, vertical construction of the housing unit inventory, the mechanical systems, finishing, marketing, and stabilization of the property upon completion.
- For townhomes, condominiums, and residential subdivisions (raw land development projects considered as well).
- Property Appraisal, Market Feasibility, and the Experience and creditworthiness of the Project Team are considered during the application review.
- An independent loan servicing agent maintains the monthly loan payment obligation.
NOTE: BCCG is Currently Accepting Applications for the Following “Shovel-Ready/Fully Permitted” Project Types:
- Land Development
- Adaptive Re-Use
- Ground-Up/New Construction
- Conversions
- Expansion
- Renovation
NOTE: All builders/developers must have a horizontal and/or vertical construction permit in hand as a condition of the loan approval process.
Call: The “BCCG” Project Financing Dept. at: 1-800-716-7380
Builders Commercial Capital Group, LLC
4600 E Washington St, Suite 300,
Phoenix, AZ 85034
Office: 480-237-9380
Fax: 480-237-9392