Commercial Loans : Construction to Perm

Capital Development is pleased to offer construction-to-perm loans up to 80% conventional and 90% SBA. Multi-use properties and some special-use properties are eligible for this program. Our most popular program requires only a single close to go from groundbreaking to occupancy.

Summary:

Product type:  Owner-Occupied Construction-to-Perm

Property type: Construction financing and upon completion, conversion to permanent term loan.

Loan Amount (min/max) $250,000 to $6MM

LTV (max): 75% to 90%

CLTV (max): 80% (90% SBA)

Amortization/ Term: Interest Only/ 1yr

Minimum FICO: 650 (600 SBA)

Minimum DSCR: 1.20x (1.00x SBA)

Non-Eligible: Ground Lease

Cash-out: N/A

Collateral: Real Property