La Quinta provides funding for Ground-up Construction, value-add rehab, and Property Conversions. Stick-built or Modular construction, including interim and long-term financing as an exit to construction financing. Available to all types of Commercial real estate, including Multifamily, Single-Family housing developments, Build-to-rent, Spec housing, Condo, Industrial, Self-Storage, Office, Hospitality, Health Care, and Retail when held as a real estate investment or as a business owner.
Horizontal Funding for Building Lots & Development: Funding dedicated to single-family & 1-4 units: Two programs are available for both infill and large development projects. Focus on traditional build-to-sell or build-to-rent subdivisions. Large lot development features 85% LTC, capped at 75% LTV, as non-recourse financing, with terms ranging from 12 to 60 months. Land must be entitled. 100% of the lots must be presold to a home builder (affiliated or third-party). Builders must have a resume of completed projects. A total loan commitment of $5mm or larger is required.
Apply for a "Lot facility credit line" of $2-$5mm requires strong financials and a track record.
Infill Lots and Vertical if needed: Prefers horizontal expense not to exceed 10-15% of the vertical budget. Requires a minimum loan of $2mm, terms 60-70% LTC, or 70-75% of the finished lot value. Must provide a history of 3-5 projects built/sold in the last 3 years.
Single Family / Multifamily Construction/Rehab:
Acquisition, Development, and Vertical Construction as debt only or in combination with equity for larger projects. Available to single-family, 2-4 units, Townhomes, Subdivisions for sale or rent, and Multifamily properties. 75% - 85% LTC, with a completed value of 75%. Recourse or non-recourse options.
Credit Line / Revolver: Available to Single Family, 2-4 units, Townhomes, Subdivisions for sale or rent, and Multifamily projects held as an investment. Sponsor/Developer must demonstrate similar project experience within the last 18 months. General Contractor experience can count as a guarantor. Funds can be used across multiple sites, providing flexible structuring, including phased projects with lots, such as a PUD.
For Sale or Rent: Subdivision Capital - Available to Builders/Developers. Contact La Quinta for your project review, sizing, analysis, and qualification guidelines. (866-283-3421)
Agency Construction Debt: Provides 85% - 90% Loan-to-Cost per project type, as a single non-recourse loan for both construction and long-term financing. (For details, see the "Agency" drop-down menu)
Construction- Pre-Construction- Development- Consulting Services: Subdivision/land Development, Master Planned Communities, Multifamily, Build-to-Rent, Commercial/Industrial, Hospitality.
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