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Demo Construction loan

Loan program from Demo Lighthouse Bank

Demo listing. This program is sample data and cannot receive requests.

Loan amount
$2.76M – $55.2M
Starting rate
7.85% – 9.98%
Max LTV
68%
Max LTC
75%
Term
12 – 36 months
Typical close
61 days
Recourse
Full

Who It Fits: Where

States served
Pennsylvania, Alabama

Loan Size and Pricing

Minimum loan
$2.76M
Maximum loan
$55.2M
Lowest indicative rate (%)
7.85%
Highest indicative rate (%)
9.98%
Rate type
Variable

Terms

Minimum term (months)
12
Maximum term (months)
36
Interest-only available
Yes

Leverage

Maximum LTV (%)
68%
Maximum LTC (%)
75%

Structure and Guarantees

Recourse
Full recourse

Fees and Timing

Estimated days to close
61

Program Basics

Financing category
Commercial real estate
Loan type
Construction
Loan uses you finance
Working Capital, Construction, Fix and Flip

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