1335 Holly Ave, Suite B, Columbus, OH 43212 614-481-6074

Construction Financing Program

Indicative Terms

Construction financing is available from a variety of life insurance companies and commercial banks. Below are the general parameters that we consider representative of the lenders we represent.

Loan Amount $3,000,000 and up for commercial banks
$15,000,000 and up for life companies
Loan-to-Value Up to 75% of the “As Completed” appraised value
Loan-to-Cost 75 to 85% (up to 90% with equity participation from lender)
Loan Term 20 to 60 months for construction only loan and up to 30 years for construction/perm loans
Origination Fee Customary 1%
Borrowing Entity A bankruptcy-remote Special Purpose Entity may be required
Recourse Typically, full recourse is required, except for loans in excess of $25MM or equity participation loans, excluding the standard ‘bad boy’ carve-outs

Contact Us

3380 Tremont Road, Suite 220, Columbus, OH 43221 614-481-6074