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- Benefit St Ground-Up Multifam
Benefit St Ground-Up Multifam
Up To 80% LTC On Ground-Up Multifam Nationwide
High Leverage Ground-Up Construction to Perm Multifam Lender Active Nationwide!
One of the lenders that we've worked closely with over the years has told us that they're pushing hard and getting a ton of deals out their door for ground-up multifamily construction.A lot of construction lenders are, unfortunately, sitting on the side-lines at the moment waiting to see how the world looks post COVID. However, as we all know, the world must go on and people need a place to live.Enter this group. Not only are they actively lending ground-up construction funds, but they're also going super high in the capital stack. They're offering 80% LTC!Keep reading because it gets even better, but I want to let that sink in...80% of your cost for ground-up construction during a nationwide pandemic that has really slowed down lending.This group is currently chewing through deals and will lend nationwide (except for Los Angels and NYC, they want to wait and see what happens in those markets). But, let me stop pecking at my keyboard and get to the deal specifics that I know you want to know...They're looking for:
Deal Sizes: $15M+
No max!
Rate
L+800s
Leverage
Up to 80% LTC
Term
3 - 5 years
Non-Recourse
With bad-boy carveouts
Geographics
Nationwide (minus LA & NYC)
One of the big things that we love about this group in addition to the fact that they're providing construction financing is that they're also perm debt providers! I told you it got better.So not only can you get the funds you need for construction but you can roll it right into a perm loan in-house. This keeps everything streamlined and allows you to focus on your development project instead of bringing a new lender up to speed.If you have a deal that fits the above criteria click the button below or shoot us an email and let's get started today!
P.S.
If you're brand new to the EN Capital newsletter; each week we promote a new capital source for a variety of commercial real estate properties. So if the above lender is not relative to you, the chances are high that we'll have the perfect capital source for you soon.
P.P.S.
EN Capital is a commercial real estate mortgage brokerage shop.
We are not direct lenders. Seriously, every time we do a blast some guy responds and gets pissy when he realizes we're brokers. It's on the top of our website, LinkedIn, clear in all our marketing. We honestly don't know how to make it more obvious. Don't be that guy.
P.P.P.S.
If you have a commercial real estate deal, unrelated to the above, that needs capital right now reach out to us and let's chat!
Be sure to connect with EN Capital on Linkedin. and visit our website here.
Connect with EN Capital President, Nate Whigham on Linkedin Here
Connect with EN Capital Associate, Justin Ashcraft on Linkedin Here
Nathan WhighamPresidentCA DRE Broker License: 01793655EN Capital Contact Info:www.encapital.com[email protected]Justin Direct Line: 323-521-4766