90% LTC Commercial Construction Program

BOCA RATON, Fla. - Oct. 8, 2016 - PRLog -- If you have a commercial real estate construction project you are seeking to build, why not use our Mezz/Debt program and have us provide a combined LTC of up to 90%.  Banks and other lenders require 25%, 30% or even 35% of your own equity in the project in order to get a loan.  Many banks are tightening their reigns on construction lending and being much more selective about what they will provide construction loans for.  You guessed it, the high loan to cost you ask for, the harder it is to get the bank to make the loan.

Our program combines our Mezz program, coming from our foreign investors, with our Senior Debt programs and can get you project funded.  Our model is easy to work with because when we work with our partners on the Senior Debt they are only looking at working with on 40-50% of the project cost since we have already provided about 50% of the project cost via our Mezz loan.

Our Mezz loans are at 6% interest only, non-recourse, 5 years with the option to extend for 2 periods of 1 year each for an additional 1% interest bump for each extension.

With many construction loans, the type of commercial property being built will limit what the banks will actually finance.  We do not have those issues.  We can finance soft costs, FF&E and interest reserves in our Mezz loan.  This truly means that the project sponsor only has to come to the deal with 10% of the total project costs.

We are a little selective on the projects that we will take on.  If we do not feel that our foreign investors will like the project, we will not move forward because we only want to work on project we know that we can successfully fund.

If you have a comercial real estate construction project that is any of the following types of properties (we can look at others but these are the most popular) you need to contact us immediately to see if we can provide funding to your project via our Mezz/Debt program:

*Multifamily

*Mixed-Use

*Hotel/Resort (Hospitality)

*Retail

*Office Building

Contact us now to have us review your project and determine if we can issue a Conditional Loan Approval and get your project off the ground.

Visit us at: http://www.premiercrelending.com