Commercial land construction projects Venture Solutions provides mortgage financing services for real estate acquisition and development, residential and commercial construction, condo conversions, and commercial and multi-unit residential income properties. How to SUCCESSFULLY APPROACH your construction loan request Loan Programs and Lending Guidelines Project Limits Project Types Market Area Cost Rate Term Security Loan to Value Recourse Additional Advances Timing Submissions Finding the real estate developer you can trust and work well with is critical because corporate real estate is not a simple matter of location or square footage. Whether leased, purchased or developed, it's a complex and challenging enterprise. After all, the facility you end up with is a large financial investment and a determining environment for performance and profitability.

Project Limits

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LIMITS $1,000,000 to $40,000,000 per transaction. Larger loans considered on a case-by-case basis.

Market Area

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MARKET AREA United States

Costs

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Our loan fees are based on the risk inherent in each transaction. Third party due diligence and site visit charges apply on a case-by-case basis.

Rates

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Based on project and assets of borrower.

Project Types

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All commercial property types considered, including: development sites, tentatively mapped land, redevelopment projects, construction, turnarounds, and bridge loans. Venture Solutions is a collateral based lender willing to fund on any need, based on collateral value and exit strategy.

Terms

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Diverse and depend on project needs.

Security

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First Trust Deed position and substitute collateral. Second Trust Deed positions are considered on a case-by-case basis.

Loan to Value

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Maximum of 70% loan-to-value on the (AS-Completed) condition of land collateral, and a maximum of 80% loan-to-value on the (AS-Completed) condition of improved vertical collateral.

Recourse

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Preferred, but not necessarily required.

Additional Advances

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Hard and soft costs on land and vertical development, leasing commissions, tenant improvements, pre-paid interest, transaction costs (including brokerage fees), and all other development costs.

Timing

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Typical transactions require one business week to review, with funding based on borrower’s needs.

Submissions

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Submissions require, Broker and borrower names, sponsorship information (including resume/qualifications), identification of the collateral (including location maps and photographs), property description, loan purpose, uses of funds statement, transaction description, and exit strategy.

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