Our Ground Up Construction Lending Program provides efficient financing for all stages of construction. This program allows us to customize a construction loan to your specific investment project – whether it is complex ground up construction or an opportunistic value-add project.
JLJ offers financing for commercial projects and other real estate opportunities based on an evaluation of the borrower or broker’s business proposal/project summary, including a general valuation of the real estate.
Interest rates will be determined on a case-by-case basis, based on risk.
| Bridge | Bridge |
|---|---|
| LOAN TYPE | Ground Up Construction |
| LOAN AMOUNT | $30,000,000 - $100,000,000 |
| TERM | 1 - 36 months with extension options |
| INTEREST RATE | LIBOR plus 6.5% - 9% 7% fixed and up |
| LOAN TO VALUE | Up to 85% |
| LOAN TO COST | Up to 85% |
| PROPERTY COST | All types of property are considered - multi-family residences; single-family; condominiums; office and mixed-use buildings; retail, warehouse, and industrial spaces; undeveloped land; shopping centers; homes (non-owner occupied, including rehab/flip opportunities). |
| ORIGINATION FEE | 1% - 3% |
| RECOURSE | Completion Guaranty (Good Guy) |
| APPLICATION FEE |
$5,000 for loans under $5MM $10,000 for loans $5MM and up |
| CLOSING TIMELINE | 2 - 5 weeks |
| GEOGRAPHICAL FOCUS | Northeast, Southeast, Colorado, TX |
| USE OF PROCEEDS | Northeast, Southeast, Colorado, TXAcquisition, restructuring, discounted payoffs, purchase of notes, property improvements, partner buy-outs, recapitilazations, construction, conversions, pay-down of other debts and taxes. |
EXPLORE JLJ CAPITAL'S LENDING PROGRAMS
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