Construction to Perm Development Financing
International Financing Solutions
A Division of Sean Allen, Inc.9531 Cypress Drive N. Ft. Myers, Florida 33967
Ofc: 239-482-6866 Fax: 888-482-6860
Sean Cell: 239-898-9281 Email: sallen11867@aol.com
www.InternationalFinancingSolutions.com____________________________________________________________________
Construction to Perm Development Financing
Acquisition Financing or Re-Financing / Acquisition & Development /
Construction Financing or Re-Financing
_____________________________________This is a Private Investor / Single Source / One Closing Loan for Construction to Perm Financing on Development and Commercial Properties
__________________________________General Guidelines:
- Minimum Loan Amount in the United States - $5 Million USD
- Minimum Loan Amount outside the United States - $10 Million USD
- No Maximum Loan Limits
- Maximum LTC is 95% (Borrower must have 5% of their own money in the deal)
- Interest rate varies between 8.35% to 8.75% depending on location of project and project type.
- Amortization: 10 to 45 years depending on the projects need
- Payments during construction are "Deferred During Construction Phase"
- No Pre-Payment Penalties
- Some Equity Participation by the lender. (Based on a Project by project basis)
- Lender performs a thorough background check on the developer and their team. There can be NO criminal backgrounds involved.
- Funding Time:
US Projects: 30 to 90 days depending on project type & size
Int'l Projects: 60 to 120 days depending on project type & sizeProjects Considered:
- All commercial Real Estate Developments / Construction Projects AND Oil & Mining Projects
- Resorts, Hotels, Office Buildings, Marinas, and more.
Documents Needed for Initial Review:
- Detailed Business Plan
- Detailed 10 year Pro-Forma
- Summary Form Completed (Contact us for this form)
- Personal Financial Statement of the Principles
Timing:
A Letter of Interest is generally issued with 5 to 10 business days of receiving the requested documents listed above. Once the Private Investor receives the signed Letter of Interest and the commitment fee is paid, they will proceed with the thorough due diligence. It is at this point which the clock starts ticking to meet the Funding Time Table as explained above.
If you have a project that you would like to submit for this program or any other
program in our portfolio, please email the above reference
"Documents Needed for Initial Review" to us .... sallen11867@aol.com
Important Note:
Most Commercial Private Money Funding Sources do not finance "Construction to Perm" type of transactions. If you need 100% Financing for your Development, then we have numerous other Funding sources to finance the Acquisition & Development phase of your project. Once construction is completed, then we can refinance the project into a long term permanent loan. Rough 98% of our clients prefer to do the project in two loans..... an A&D loan for construction and then re-finance into a permanent long term loan. This route is much easier and faster to getting your project off the ground.
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Rates, Terms, and Conditions of the above loan summary are subject to change at any time without notice. For the most up-to-date information, please give us a call or send an e-mail.
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