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Construction Lender Focused on The Southeast Looking For Deals

September 17, 2019

Large Private Construction Lender Looking For Deals All Over The Country, But Particularly In The Southeast 

 

If you have a construction: multifamily, mixed commercial residential, retail, condo, or industrial deal anywhere in the Southeast of the United States...we have a capital source for you!We have been working with a non-bank construction lender for many years and they recently approached us because they have an issue...they have capital sitting around that needs to be deployed.This is great news for you ESPECIALLY if your deal is located in the Southeast of the United States. This particular lender, while they'll lend across the nation, is particularly bullish on the southeast because; they know the market, they like the market, and they'll aggressively price deals there.

They're looking for:

  • Deal Size

    • $10M minimum - No Max!

  • LTV: Up to 75%

  • LTC: Up to 75%

  • Deal Type: Construction 

    • Ground Up & Vertical 

  • Asset Class:

    • Multifamily

    • Mixed MF/Commercial

    • Office

    • Retail

    • Condos

    • Industrial

    • Development lots

    • Hospitality (very limited)

    • Student housing (very selective)

  • Rate:

    • 7.5% - 10%

      • Depending on collateral

  • Term

    • 3-year initial, up to 2-year extension

  • Location:

    • Southeast

    • Nationwide

If you have a construction deal that fits the criteria listed above, then be sure to click the link below and let's start talking 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. 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!

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Be sure to connect with EN Capital President, Nate Whigham on Linkedin.EN Capital is a commercial real estate mortgage broker firm. We have been involved in placing north of $750M of financing. We work on all property types all over the nation, as well as all parts of the capital stack including equity. 

Nathan WhighamPresidentDirect: 310-465-9253[email protected]www.encapitalllc.comCA DRE Broker License: 01793655