Matrix: Construction Lenders
30M 80 70 18YY YYYYYYY Y
Private Lender NATIONWIDE except: AK HI Direct lender, 1-3 year terms, brokers protected, creative and solution oriented. Not credit driven. Quick closings available.
Seattle Funding Group Ltd.
12M 75 65 18YY Y Y YYYY Y
Direct Lender AK AZ CA CO HI ID NV OR TX UT WA For California properties, contact the Solana Beach office at 858-751-0556. For Arizona properties, contact the Scottsdale office at 480-450-3980.
Sundance Bay Debt
15M 90 80 36YY YY YYY YYYY Y
Direct Lender NATIONWIDE Direct lender. Broker friendly. LTV: 80%. LTC: 90%. Loan types: A&D, construction, bridge, value-add, refinance, cash-out, residential subdivisions and note purchases.
Vale Capital Inc.
15M 75 75 36YY YY YYYYYYYY Y
Direct Lender CA Experienced private lender for bridge and construction loans. Broker friendly. Fast close ( 7-10 days). Will cross-collateralize. Complex deals OK.
maximum loan size
may not apply to all
property types and/
or in all regions and
is subject to change
Construction lenders provide loans for
new construction, rehabilitation, renovation
and permanent financing of income-producing
properties. This matrix assumes the lender
offers both new construction and rehab/
1 Index used: LIBOR, WSJ, T-bills, COPI
2 Construction or rehab only,
max. term in months
3 Lending to Corp., LLC,
LP, legal entities
4 Interest-only offered
5 Floating rates offered
6 Prepayment penalty;
exit fee required
7 Line of credit style
8 Mini-perm available
9 Conversion to permanent offered
10 Permanent loan commitment
required prior to closing
11 Gap funding allowed
12 Subordinate financing allowed
13 Participating financing offered
14 Recourse required
15 Land acquisition and
16 Construction take-out
17 Construction completion
18 Non-owner-occupied residential
19 Owner-occupied residential
20 Agency lending programs:
HUD, SBA, USDA, FNMA
21 Private money
LOAN TYPE / PURPOSE / PARAMETERS LOAN LIMITS
LENDERNAME Min Max Max LTC% Max LTV% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
LTV% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
Companies bearing the Proven Direct Lender designation have undergone a reasonable verification process to confirm the lender’s direct-lending capabilities. Scotsman Guide Media does not assume any obligation or liability for this designation. The inclusion of the Proven Direct
Lender designation is a paid advertisement and should not be construed as a recommendation or endorsement by Scotsman Guide Media.
These companies are display advertisers with Scotsman Guide
Media. See the Display Advertiser Directory on Page 14 for more
Scotsman Guide makes every attempt to ensure the quality of matrix and directory information, which all listed lenders verify or update monthly. Because of the production cycle and dynamic nature of the industry, loan product
terms and availability may not reflect the latest changes. Please contact lenders directly for the most-recent program details. If you believe data is inaccurate or misrepresented, please e-mail: firstname.lastname@example.org.
For registration inquiries, contact: Interested in sponsoring? Contact:
NICHOLAS CRIMI PEGGY SCHECTER
212-457-9538 | NCrimi@alm.com 212-457-9509 | PSchecter@alm.com
*New registrations only | Cannot be combined with any other offer
Scotsman Guide Readers SAVE 15%*
Use Promo Code: SGM15 as you register online
NEW YORK RealShare
NOVEMBER 13, 2018
THE YALE CLUB | NEW YORK, NY
Industry’s most relevant topics, delivered and discussed
by the top minds in real estate.
For details, visit:
Meet the newest decision makers, portfolio managers and innovators setting the trends for
commercial real estate in New York City.
ADAPTING TO CHANGE IN THE NY CRE MARKET