Commercial Real Estate Construction Loans
Through our network of alternative and traditional capital providers, Source Realty Capital arranges commercial construction loans for real estate developers. Our lenders provide the capital developers need to construct multi-family, retail, office, hospitality and industrial buildings. Additionally, our mortgage professionals structure the commercial construction loans with flexible terms. Terms are generally up to three years, with competitive rates and interest-only payments. Our relationships with construction capital providers allow us to secure loans with streamlined draw schedules and construction to mini-perm structures. Depending on sponsorship and location of the project, leverage and pricing of the construction loans will vary.
Source Realty Capital understands the complexity and importance of timing in obtaining construction loans for your projects. We understand that the value to our clients is created from our know-how in securing the most advantageous rate and terms based on the individual merits of each construction project.
We understand that the parameters of every construction loan are different, because no two development or redevelopement projects are identical. Source Realty Capital will work with our network of lenders to obtain a construction loan tailored to your specific project’s needs. We assist our clients in attaining the most competitive development loans. Furthermore, our financing professionals negotiate rigorously on our client’s behalf to attain their investment property objectives.
Source Realty Capital’s experienced staff will assess the project’s projected budget and negotiate a drawdown schedule that fits the developer’s construction timeline. Our extensive network of traditional and alternative construction lenders allow us to secure construction loans with streamlined draw schedules and construction to mini-perm structures.
Furthermore, we ensure a take out loan is in position of the construction loans. Our staff will review the projected stabilized budget of the completed construction project from the prospective of a permanent lender. Hence, this methodology limits our client’s exposure and eases expenses by allowing for a reduction in guarantee obligations.