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High Leverage Construction Debt (Especially for Self-Storage!)
High LTC Construction Debt is Still Out There
While most lenders are pulling back this group is still putting out aggressive leverage for ground-up construction deals nationwide. While they’ll lend on Multifamily, Condo, Industrial, SFR & MHP - Self-Storage is really their favorite property type. Max LTC on most deals is 80% but for Self-Storage they’ll go up to 90% LTC in exchange for an equity participation. Loan Amount: $1M - $20MMax LTC: 80% (90% for Self-Storage!)LTV: 65%Rate: Prime + 450Recourse: Depends on Deal & Leverage
Got a deal? Click the button below!
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]Direct Line: 323-521-4766