• Pre-Qualification Applications



• Office Properties
• Retail Properties
• Industrial Properties
• Multi-Family Units
• Mobile Home Parks
• Self-Storage
• Hotel / Motel
• Healthcare
• Churches
• Mixed-Use



• Loan Criteria



• Owner-Occupied Loans



• Purchase Funding



• Construction Loans



• Large Project Funding



• Dealership Funding



• Receivable Factoring



• Loan Forms

CONSTRUCTION LOANS

Construction Loans are based on the value of the property when completed. Construction loans are generally constrained by Eight primary elements:

(1) Loan amount needed to build

(2) Loan To Value-As Completed

(3) Debt Service Coverage Ratio-As Completed (and as¬ Stabilized).

(4) Typically the prospective value of the real estate is based on its ability to generate income after
the property is completed and leased to 85% occupancy.

(5) The experience of the borrower/developer, area demographics, absorption of competitive
space and market occupancy rates.

(6) Estimated Market Rent for all space(s).

(7) Typical lease structure for all space(s).

a. Average lease term (that is customary for the respective market).
b. Items paid by lessee (tenant) vs lessor (landlord).

(8) Estimated property operating expenses (e.g., real estate taxes, insurance, utilities, etc.).

(9) The total Construction Cost

(10) The Land Value

The above are the main qualification areas for most any construction loan placement