IFDC Capital Group offers competitive financing for non-owner occupied real estate investment project acquisition, development and construction loans for real estate investors, builders and developers. We can offer up to 85% Loan to Coast (LTC) for experienced investor & developer.
IFDC’s Ground up loans provide you funding to build 1-4 family houses, 5+ units multifamily houses, townhomes, condos, small to large commercial & retail real estate projects, hotel and motel project, medical office, student housing.
WHAT WE OFFER:
- LTC up to 85% of Project Cost – land & development
- 12-36 Months Term – Interest Only
- Up to 75% Loan to Purchase, 100% development cost (not to exceed 75% ARV)
- Loans from $250K to $15 Million (Larger amounts up to $100M can be considered under full doc loan)
- Nationwide Funding
- Fast approvals and funding within 15 -30 days
- Better terms for experienced investor and developer
PROPERTY TYPES
- Residential Investment Properties (1-4 Family, Multifamily 5 +units)
- Condo-Apartment Building
- Commercial Real Estate
- Hotel & Resort
- Retail Shopping Center
- Medical Office
- Warehouse
- Manufacturing
IFDC Capital Group Makes 1-4 Family Ground Up Construction Bridge Loans Easy
IFDC Capital Group’s Ground Up loans provide you with a reliable easy funding to build new 1-4 family houses.
Ground Up Non-Owner Occupied 1-4 Family, Multifamily Loan Program
Loan Amount:
Min $250K- Max $15 Million
Maximum Loan to Cost (LTC)
- Max LTC 85% of total project costs (Previous real estate experience required: 1-2 Ground ups)
- Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction cost
- Max LTC 90% for experienced developer (Previous real estate experience required: 3+ Ground ups)
- LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
Maximum Loan to ARV
Up to 70%
Term Length:
12 months, Up to 24 months at Lender Discretion
Recourse:
Full Recourse
Reserves/Escrows:
Interest Reserve: Minimum 1 month
Eligible Permitted Property Types
Non-owner occupied 1-4 family residential, townhomes
CONSTRUCTION LOANS FOR LARGE REAL ESTATE PROJECTS
IFDC Capital Group’s offer commercial and residential ground-up construction loans for large real estate projects. Our construction loan program illustrates our leadership, credit experience, and financial resources.
| LOAN PURPOSE | Ground-up CRE & Residential Projects Build-to-Rent, |
| LOAN AMOUNT | $5M to $100 Million
(Larger amounts can be considered) |
| LOAN TERM | Initial: 24-36 months
Extension options: 12-24 months |
| LTC | Up to 80% |
| RATE TYPE | SOFR + 600-750
Interest cap required at closing |
| FEES | Origination: 2%
Lender: 1% Extension: 0.5% (6 months); 1.0% (12 months) |
| MINIMUM EXIT DSCR/ DEBT YIELD | 1.10x DSCR
7.00% DY |
| AMORTIZATION | None during initial term |
| RECOURSE | Non-recourse with standard carve-outs; Completion Guaranty; Interest & Carry Guaranty; Environmental Indemnity |
| PREPAYMENT | Minimum interest; no lockout |
| EXTENSIONS | 6 month or 1-year extensions available |
| TAKEOUT FINANCING | Bridge financing available upon project completion |
| ASSET MANAGEMENT | Dedicated in-house management team |
PROGRAM REQUIREMENTS TO PROCESS CONSTRUCTION LOANS:
Borrower/Sponsor:
- Resume / Summary of experience showing previous completed deals (if any)
- Personal and Corporate Financial Statements
Project Info: New Construction / Condo Conversion
- Project Summary
- Exit Strategy (Sell / Rent)
- Plans and Drawings (if available)
- Detailed Budget
-
- Hard Construction Costs (labor, materials, etc)
- Soft Costs (plans, permits, interest, etc)
- Project Estimated P&L (if to be sold)
-
- Is the deal gross margin at least 20%?
- Proposed Timeline (Permit Phase, Construction Phase, Marketing Phase, Sellout Phase)
- Developer’s Bio
- Construction company / GC’s Bio
- Borrower Provided Comps
- Project ACV
We can offer following construction loan processing services quickly through our portfolio partners:
- Underwritings
- Fast Closings
- Site Inspections
- Draws
- Construction Management
We can also provide up to $15 million construction loans for owner occupied commercial real estate and investment properties under SBA 7(a) and 504 loans. At least 51% ownership should be owned by the borrower in order to qualify for U.S. Small Business Administration guaranteed construction loans. For more information about SBA construction loans, pls visit our SBA Loans page or contact us.