Ground-Up Multifamily
Class A garden, mid-rise, and high-rise apartments with bank or HUD execution.
Capital Source
Construction
Ground-up and major rehab financing across all property types.
Loan Amount
$5M – $250M+
Term
2 – 4 Years (I/O)
Rate Range
SOFR + 275 – 550 bps
LTV / LTC
Up to 80% LTC
Program Overview
How construction works.
Construction financing requires lender conviction on the sponsor, the market, the budget, and the take-out. We arrange ground-up construction, heavy value-add, and construction-to-perm executions across multifamily, industrial, retail, hospitality, and specialty product types. Capital comes from regional and national banks (typically recourse, 60–70% LTC), debt funds (non-recourse, up to 80% LTC, more expensive), HUD 221(d)(4) for multifamily (40-year non-recourse construction-to-perm), and the SBA 504 program for owner-user. Most construction loans are interest-only with future funding for hard costs, soft costs, interest reserves, and contingency.
- Bank, debt fund, HUD, and SBA execution paths
- Construction-to-perm with single closing available (HUD 221(d)(4))
- Future funding for all hard, soft, and contingency costs
- Mezzanine and preferred equity layered when needed
Use Cases
When sponsors choose construction.
Industrial Build-to-Suit
Spec and build-to-suit logistics, distribution, and manufacturing facilities.
Hospitality Construction
New-build select-service and full-service hotels under major flags.
Heavy Value-Add
Major rehab and gut-renovation of existing income-producing assets.
Best-Fit Asset Classes
Property types that match construction.
Where this capital source delivers the strongest execution today.
Multifamily
Bank, debt fund, and HUD 221(d)(4) ground-up construction with construction-to-perm execution.
Explore Multifamily financing →Industrial
Spec and build-to-suit logistics, distribution, and manufacturing facilities.
Explore Industrial financing →Hospitality
New-build select-service and full-service hotels under major flags with bridge-to-perm structures.
Explore Hospitality financing →Retail
Anchored shopping centers and mixed-use retail with pre-leased anchor tenancy.
Explore Retail financing →Specialty
Self-storage, data centers, and specialty owner-user construction with SBA 504 execution.
Explore Specialty financing →Ready to explore construction?
Submit your scenario and receive multiple competitive term sheets within 5–10 business days.