Historically developers were asked to cover at least 20% of the total cost of the project, usually in the form of free and clear land. After all, the construction lender wants the developer to have some serious skin in the game. While we still see some deals requirring a deeper involvement, many are getting a better ratio than ever before.
Modernly, however, apartment construction loans or commercial construction loans up to 90% of cost, or more, are now possible and available to you. And if the developer needs even more leverage, a mezzanine loan is sometimes possible.
Whether you need 1 million dollars or 900 millions, Magstar Funding is your partner of choice.
We, at magstar Funding, are committed to take you to the closing table where deams come true.
Land loans Bridge loans Mezzanine loans Takeout loans Conduit loans Hard Money Structured finance Construction loans Hotels Loans Mixed Used Syndication Horizontal Improvements DBMS Multifamily Office Mini-Storage Retail and more...
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