Regent Park Capital, LLC - Capital that moves as fast as you do.
Loan Criteria - Builder Construction Program Lending Guidelines
| Type of Property: |
Residential new construction |
| Purpose: |
Lot Acquisition and new construction funds |
| Loan-to-value: |
Up to 75% of completed value |
| Loan-to-cost: |
Up to 90% |
| Term: |
9 to 12 months |
| Size: |
Up to $1,000,000 on multi-family; up to $650,000 on single unit |
| Amortization: |
Interest only |
| Interest Rate: |
15% to 16% |
| Lender Fees: |
Commitment fees of 2% to 3% |
| Recourse: |
Required |
| Appraisal: |
Required |
| Escrows: |
Not required |