This California-based, multi-billion dollar family office lender possesses deep expertise in the homebuilding area and lends up to 85% LTC / 75% LTV, non-recourse, at 9-10% interest rates, plus 2 pts for origination. The lender is currently funding both acquisition and A&D loans of up to $3M from their balance sheet and expects to increase their maximum loan size to $10M by the end of the year. They entertain vertical construction requests.
Because this lender is targeting homebuilding opportunities, they respond quickly and with greater flexibility than other, non-specialized capital providers. At present time, they are seeking loan opportunities in CA, AZ and NV only.
Please contact Scott Saliterman of NEBO Capital for quick assistance on this program.