Life Insurance Company funding fixed rate construction debt locking in today’s sub-4.0% fixed coupons for 10 years on construction to perm execution. Multifamily development projects are financed to 65% of total cost with earn-out opportunities upon property stabilization. Transactions from $50,000,000 and up are fixed today for 10 years with the first five years of interest only during the construction and lease-up cycle prior to rolling into a 30 year amortization schedule. Full completion guarantees are required; repayment guarantees may be limited or waived subject to transaction metrics and strength of sponsorship.
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