NEBO Capital is pleased to be working with an institutional lender that funds construction loans for single family residential community development at up to 85% LTC / 70% LTV. The lender charges 12% interest plus 2 points and is focused on primary and secondary markets. Loan sizes range from $4M-$15M and recourse is limited to completion guaranty and bad-boy carve outs. The lender is looking to see lot off-take agreements from national builders, and will also fund $5M+ sized mezzanine A&D loans as well.
Please contact Scott Saliterman about this program, or any NEBO representative for an immediate loan consultation.