Specializing in many types of financing programs, including working with a Non-recourse loan (Non recourse loan), Apartment mortgage loan, Joint venture real estate, Commercial equity loan, Commercial rehab loan, Structured financing, and Shopping center loan. Of course we're known for our experience in dealing with: land development loans, hard money loans, apartment loans, industrial building loans, and real estate equity.

income property > construction financing

Construction Financing

Programs for construction are as varied as the product types they cover. At Grace Capital, the program is tailored to fit the project needs, including time, rates, loan amounts and draws. Some features of the construction financing include:

Product Description	Loans for purchase, refinance or rehab
Loan Amounts	$2 million and up, no maximum
Location	Nationwide and limited to major metropolitan areas
Property Types	All commercial property types, and Residential Developments
Loan Terms	Up to 24 months; options to extend available
Amortization	Interest Only, reserve included
Rates	Prime or Libor based plus low margins
Prepayment Penalty	None
Loan to Value	75% maximum loan to stabilized value (80% possible on apartments; 65% on special purpose property)
Loan to Cost	75% to 90% dependent upon deal quality
Recourse	Typically required but non-recourse available for substantially higher
Take Out Financing	Can be combined with construction loan for seam-less transition

Grace Capital has extensive resources to structure your financing requirements. The best method is to contact an Account Executive for details.

Please contact an Account Executive

Rate and terms subject to change without notice