Dragon Realty Capital offers construction loans to Developers of these types of projects:
- Single family spec homes.
- Single family tract projects.
- Multifamily projects (usually combined w/a takeout loan), and
- Commercial projects.
Some of the key features of theses loans include:
- Ground up construction projects including land purchase.
- Retrofit of existing structures.
- All direct project costs including soft costs can usually be included.
- Generous land acquisition advance rates (single family spec).
- Fast execution without all of the usual “bank runaround.”
Transaction terms vary according to the project to be built and are usually quoted after an initial screening process. Please provide us with the initial documentation below for screening requirements or call us at 888-578-5441 to discuss your project financing requirements.
- Executive Summary describing the project.
- Property type and address.
- Loan request.
- Line Item Cost Breakdown including Total Budget, Amount Paid, and Remaining Budget (this is important to show your equity investment… only include non-recurring costs).
- Developer resumés including past projects.
- Developer PFSs, SREOs, and credit reports.
- Timing for funding/closing.
- Click on the link below for any forms that you might need for the above: Loan Documentation Workbook .
You can send these documents to Info@DragonRealtyCapital.com.