Specializing in many types of financing programs, including working with a Non-recourse loan (Non recourse loan), Apartment mortgage loan, Joint venture real estate, Commercial equity loan, Commercial rehab loan, Structured financing, and Shopping center loan. Of course we're known for our experience in dealing with: land development loans, hard money loans, apartment loans, industrial building loans, and real estate equity.

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income property > construction financing

Construction Financing

Programs for construction are as varied as the product types they cover. At Grace Capital, the program is tailored to fit the project needs, including time, rates, loan amounts and draws. Some features of the construction financing include:

Product Description Loans for purchase, refinance or rehab
Loan Amounts $2 million and up, no maximum
Location Nationwide and limited to major metropolitan areas
Property Types All commercial property types, and Residential Developments
Loan Terms Up to 24 months; options to extend available
Amortization Interest Only, reserve included
Rates Prime or Libor based plus low margins
Prepayment Penalty None
Loan to Value 75% maximum loan to stabilized value (80% possible on apartments; 65% on special purpose property)
Loan to Cost 75% to 90% dependent upon deal quality
Recourse Typically required but non-recourse available for substantially higher
Take Out Financing Can be combined with construction loan for seam-less transition

Grace Capital has extensive resources to structure your financing requirements. The best method is to contact an Account Executive for details.

Please contact an Account Executive

Rate and terms subject to change without notice

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Other programs include: non-recourse loan | apartment mortgage loan | joint venture real estate
commercial equity loan | commercial rehab loan | structured financing | shopping center loan

Need to discuss a transaction? Please contact an Account Executive.

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