With a fully entitled and permitted property, construction financing provides real estate developers the capital they need to build. Depending on the size and scope of the project, construction funds are reserved by Carlyle Capital for the exclusive use of the developer once certain benchmarks of progress on the project are reached. It’s important that the real estate developer have a organized plan to complete the project.
- Development experience required
- Property must be fully permitted
- Loan Amounts from $1,000,000+
- Up to 80% LTC and 70% ARV
- Starting at 8.99% and 2.5 points
- 12-36 months