The construction loan provides for 36 months of construction/stabilization with a four year mini-perm
option term, and the lender underwrote to 70% loan to cost.
We built in a longer initial term with extension providing more of a mini-perm
option without sacrificing the very low floating-rate or any other terms of the loan.
If project bonds are not available as a financing option for the construction phase of a project, they can nonetheless be incorporated as a potential element of a project's financing mix at a later stage through a mini-perm
9 million construction and mini-perm
loan for DuPage Dodge-Chrysler-Jeep, Glendale Heights, Illinois, in December.
Additionally, Solera offers a full line of other real estate related financing options such as home equity loans and lines of credit, residential mini-perm
loans and jumbo loans.
is a structure where legal maturity is typically set at about seven years, forcing the borrower to refinance before maturity or face default.
The loan is an eight-year mini-perm
, the first time such a structure has been used to finance a Middle East power project.
More than 70% of the $1 billion which Specialty Finance Group anticipates lending to the hotel industry in 2007 will take the shape of construction/ mini-perm
loans to projects with top tier brands and development teams.
We're real heavy in the dirt development and then following that up with the interim construction to mini-perm
financing on the commercial buildings as well," Lynch said.
Table 2 shows the coefficients of safety and the net present values on both a construction/mini-perm
loan and a mini-perm
using the following underwriting standards:
A10 Capital, LLC is a full service, nationwide lending business specializing in small to middle market mini-perm
commercial mortgage loans.
64 billion in senior debt financing for the third train is being provided by a syndicate of 27 commercial banks under a 7-year mini-perm