Loan Parameters
Complete Lending & Investments is joint venture partner and mezzanine/equity co-investor. We have relationships with first lien lenders if you have not established or received a first lien loan commitment and are looking for transactions and projects where the value of the project is in the build out - not the underlying collateral. That being said, we have put together a general overview of what our lending specialists are looking for.
- Pre Development financing available through our joint venture programs.
- Mezzanine/Equity contribution for development projects from Complete Lending & Investments.
- Minimum project size of 1 Million dollars (Exceptions can be made if the project is heavily constructed oriented or make sense deal) .
- 5% minimum contribution from developer/builder .
- Total combined Loan to Cost of 95%
- Hard Money Transactions allowed.
- 10% Mezzanine Loans from Complete Lending & Investments
- Speculative Financing
- Metro Areas Preferred!
- Builder with limited Experience allowed
- Program allowed for investors with a rate add on.
Project Types: Single Family Residence, 1-4 Units (Modular not allowed)
Terms: Rate based off a Prime + scale (Typically Prime + 2 to Prime + 6). Prepay penalty for loans less than 13 months. (On commercial construction projects) Rate incentive for monthly paid interest loans. Rate incentive for certain types of construction methods and amenities included in the project (ask loan specialist for more details). Rate must match or exceed rate of first. Points paid to Complete Lending and Investments at closing range from 3 to 6. (Points can’t be rolled into a loan unless first lien lender allows. Points are not considered part of loan budget.)
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