95 – 100% LTC


Ground-Up & Major Rehab Construction Financing

5.25% to 9.99%

4 to 5-week closing

1 to 3-Year Fixed Interest Only Construction Loans

Loan is fixed for up to 3-years with interest only amortization. Loan is due at the end of the 1 to 3-year term. No prepayment penalty in most cases. Eligible properties include multifamily 5+ units, 1-4 unit residential, condos, office, retail, industrial, manufactured housing, self-storage, hotels, and healthcare. ICS Construction Loans are short-term interim loans designed for new construction and major rehab projects prior to securing long-term financing or disposition.

Max LTV: 90% | Max ARV: 75% | Max LTC: 95% to 100% | Min Credit: 650

LTV: Up to 90% LTC: 95% – 100% ARV: 75%
Coverage Area:Nationwide (primary and secondary markets preferred).
Loan Amount:$500K to $100MM+
Experience:Prior construction experience highly preferred.
Property Types:Most property types considered. Multifamily, office, retail, industrial, mixed-use, speciality use, 1-4 unit residential.
Occupancy:Owner occupied residential developments, investment properties, commercial owner-user.
Rate:Starting rate a Prime + 2%. Rates are project specific and heavily based on sponsor experience.
Liquidity:Varies based on project and experience.
Amortization:Interest only during construction.
Reserve account:A reserve account will be used to make monthly payments on behalf of Borrower until construction phase is finished and property is ready for take-out financing.
Builder:Must be approved by lender.

Required Documents for Loan Review

  • Sponsor resume / track record
  • Sponsor personal financial statement
  • Project scope of work / budget
  • Builder resume / track record