A national capital provider is funding construction mezzanine for ground-up multifamily projects to 90% of cost or 100% of value in primary and secondary markets nationwide. The loans are priced at 12% – 14%. This lender will also selectively consider student housing and retail projects built to a 6.5% return on un-trended rents.
Transaction Size: $4,000,000 – $15,000,000
Rate: 12% – 14%
Max LTV: 100%
Max LTC: 90%
Property Types: Multifamily, some retail
Geography: Nationwide