Nebo Capital has identified a private California focused lender that will lend against entitled and un-entitled land, provide construction financing as well as traditional bridge debt. Bridge debt ranges from $1M-$50M, with rates starting at 8.5%. Construction debt ranges from $1M-$20M, starting at 9.5%. LTC up to 100% of construction costs and 40% of land cost (in some cases they will provide a mezz loan up to 75% of land cost). This lender requires a personal guarantee for all financing. This is a great resource for developers needing capital to take-down land and go vertical at a loan to cost much higher than a bank would provide.