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Summary:
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Up to 90% loan-to-cost
financing for real estate investors, speculators and
turn around artists.
Loan amounts from $1
million.
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Property Types:
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Income producing properties
(Multifamily, Industrial, Office, Retail and Hotels)
as well as liquidating assets (Residential Subdivisions,
Condo Conversion, Townhomes and Raw Land).
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Location:
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Florida and select
East Coast cities. Please
call to discuss.
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Pre-sales and Pre-leasing:
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Pre-sales and Pre-leasing
ratios are based on risk/reward and sponsor background/track
record.
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Coupon Rate:
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Floating rate of PRIME
plus 600 basis points with a floor of 12%
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Terms:
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Up to 12 months plus
Extension Option
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Fees:
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Origination Fee of
4 to 5% with exit fee based on risk/reward
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Recourse:
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Yes
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Special Note:
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Solid sponsor experience
and track record in construction is a must.
We have high leverage
programs available for "weak sponsors" with
limited net worth and liquidity, but abundant construction
experience.
Bison Track Record includes:
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