$2,500,000 Up To $50,000,000+ Available!
Short-Term Residential/Multifamily Development & Construction Financing
(Exclusively for SFR/Condominium/Townhome Inventory that will be listed and marketed “For Sale” upon completion)
Builders Commercial Capital Group (BCCG) manages a short-term construction loan product driven by the profitable “re-sale” of the property upon completion. Private investors back this loan program, which does not share the conservative underwriting criteria of a commercial bank. Our in-house underwriting team structures the loan to be repaid as the newly built housing unit inventory is sold.
LOAN PROGRAM HIGHLIGHTS:
- $500,000 – $150,000,000+ Per Project.
- For SFH Fix and Flip, SFH New Construction, (standalone) land developments, single-family subdivisions, townhome subdivisions, and condominium projects.
- Loan proceeds can be used for land acquisition, site work, infrastructure, vertical construction, mechanical systems, finishing, landscaping, amenities, working/stabilization capital, and advertising/marketing/promotion budgets.
- Up to 90-100% Loan-to-Cost (LTC)* w/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.
- The loan is “fractionally” paid down PLUS interest as you sell off the newly built housing unit inventory.
- PLEASE NOTE: BCCG requires the builders to have an “exclusive” agreement with the best local realtor in the project’s immediate market who can market the property to hopefully generate PRESALES and/or “waitlisting” for the upcoming housing unit inventory.
For more info and/or to Receive/Review a Customized Financing Proposal
Contact BCCG’s Project Financing Department at 1-800-716-7380
Click here to request a preliminary financing proposal.