Small Project Builder Loans

  • $500,000-$2,000,000 loan size
  • California only
  • Partial Recourse, Completion Guaranty and Carve-outs 
  • Land acquisition, Land development, Single Family Construction (non-owner occupied only)
  • 75% LTC for construction (45-50% LTC for raw land; 50-55% LTC for development)
  • Loan pricing
    • Land acquisition/bridge loan: 13%
    • Construction: P + 300 bps (floating rate,11% floor) 
    • Loan Fees start at 2%
  • No appraisal required for most loans

Other Terms:
Minimum earned provision: 6 months interest
No additional indebtedness allowed on the property
Documentation fees start at $1500 depending on the transaction complexity
Please download and fill out the attached loan worksheet in Microsoft Excel and email us. 
loan_worksheet.xlsx
File Size: 13 kb
File Type: xlsx
Download File