Small Balance Construction Financing Prime + 1% to 70% of Cost

George Smith Partners is working with a California portfolio lender, focused in urban markets funding construction transactions from $1,000,000 to $7,500,000 on a recourse basis. Rates start at Prime + 1% for terms from 1 year to 30 months. Leverage for Speculative Homes, Condominiums, Apartments, and Small Lot Subdivisions go up to 70% of total development cost.