Construction Loans

While construction loans are a routine part of virtually every development project, the process of finding and negotiating the right one is more complex and difficult than most developers realize. Relying on the skills and expertise of a specialized broker like Essex Capital Markets can pay enormous dividends in reducing risk and minimizing costs.

We start by devoting ourselves to fully understanding your finances, goals, and needs. There are no shortcuts. When sourcing debt or equity for any construction deal, we make sure to recommend financing solutions that are tailored specifically to the client. If you’d like to know more, give us a call. We’re eager to work with you.

Construction Loan Details

Loan Amount – $1MM and up.
Term – 1-3 years (mini perm options available on a case-by-case basis).
Max LTV – 75% contingent on asset type and disposition strategy.
Amortization – I/O.
Fees – 1-3%.
Recourse – Depending on risk profile, recourse and non-recourse options are available.
Rates – Contact us for current pricing.