Acquisition & Development loans of up to $500 million are available for commercial construction projects.
The Ethical Homes team offers construction/A&D loans for terms of up to 2 years, on loan amounts of between $500k and $500 million. Interest rates for these loans generally run between 1-9 percentage points higher than conventional residential mortgage rates (depending on the specifics of the scenario). Borrowers generally need to contribute at least 20% of the initial acquisition costs (30% preferred), and the eventual stabilized post-construction value of the property should provide a final LTV of no more than 75% (65% preferred).
If you have acquisition & development funding needs, please do not hesitate to contact us and we would be glad to review your scenario for you.
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