NEBO Capital is pleased to announce that a large national bank now has a nationwide lending platform designed for developers and homebuilders. The bank offers interest rates in the 4.5-5% range and leverage will go to 60% LTC (65% LTC possible on case-by-case basis).
Acquisition and development loan sizes range from $5M-$12M. Recourse is limited to completion guaranty and bad-boy carve outs. This bank will consider “A&D only” loan requests with lot off-take agreements in place from national builders, as well as A&D plus vertical construction loan requests. The bank is exceptionally well positioned to service the homebuilding sector, as its parent owner also owns companies in the homebuilding space.
There is tremendous demand for good capital for homebuilder sponsors. Please contact our NEBO Capital team to discuss your homebuilding project immediately so that we can help you get yours out of the ground!