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, and 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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