Nebo has identified a new construction and bridge lending platform that’s come to market for multifamily and SFR projects. This is a non-recourse private lender that will provide up to 80% Loan to Cost against acquisition and construction and/or rehab costs. Rate ranges from 10-13% with 1-3 points to the lender. They’re active in California and Texas and can move very quickly. Loans between $1M-$5M. This is a great lender for sponsors that are looking for higher leverage on construction or rehab than would be available from a conventional bank.