85% LTC Loans Now Available for SFR Community Development

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.