Bond funds are available for existing commercial acquisitions and large-scale construction projects requesting capital for land acquisition through vertical completion within the U.S., including U.S. territories, Canada, and internationally on a case-by-case basis.
Requires Sponsors who are experienced and well-capitalized with robust repayment strategies necessary to qualify for the Bond Fund program offering aggressive rates, high-leverage, and capital requests from $100mm to $7 billion. Funds are bank-backed and guaranteed to qualified projects.
High-leverage non-recourse capital with interest-only reserves added to financing, for 48 months with no construction draw schedule.
Requests for capital must include a project summary, business plan, 10-year proforma, and proof of liquid funds of $3mm-5mm minimum.
Commercial projects of many types are considered including refineries, data processing centers, hospitality, surgical centers, hospitals, stadiums and sports centers, green energy, solar and wind farms, and alternative fuel processing.
80% loan-to-cost debt only, as non-recourse, interest-only reserves within financing.
Minimum loan request $35mm
The stabilized project should have a minimum net operating income of $2.5mm
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