Newrepublicfunding.com

Commercial / Industrial 

Construction Financing

Updated 8/1/2020


Program Details: 


Interest Rates: 


Starting at 5.5% to 12.99% Dependant on the collateral type, program, location, loan size, and structure. 


Points: 2% to 4%  Dependant on the collateral type, program, location, loan size, and structure. 


Collateral Types: 


1. Multi-Family. 

2. Mixed-Use. 

3. Industrial. 

4. Other Collateral Types Case by Case. 


Loan to Cost: 


Up to 90% LTC via a  1st and Approved 2nd Combo


Up to 80% 1st Only 


Loan to Cost Factor: 


Land Acquisition + 

Soft Costs inclusive of Interest and Fees + 

Hard Construction Costs 


After Constructed Value: 


Up to 70% to 75% as determined by Appraisal. 


Loan Term: 


1, up to 2 or 3 Years with extension options. 


Prepayment Penalty: 


None


Minimum FICO Score:


660 or Higher 


Experience:


Preferred but not required if well qualified with an experienced GC and Development Team. 


Locations:


US Domestic Projects only. 


Minimum Loan Amount:


$5,000,000 


No Maximum Loan Request


Interest Reserves: 


Available. 






NewRepublicFunding.com LLC ISAOA has developed a Construction Financing Program that offers high leverage to developers at reasonable rates of interest. 


By removing the red tape of banks, and utilizing NewRepublicFunding.com's experienced capital markets team, Real Estate Developers are able to leverage up to 90% of the Cost of their planned development. 


Allowing leverage up to 75% of the after constructed value, NewRepublicFunding.com investors allow interest reserves, can provide the 1st draw upon closing of escrow, and coverage for the entire US Domestic Market. 


Experienced Developers Preferred, but inexperienced developers with a good development team are encouraged to apply.