Bay Area Capital Funding Inc.
Here are some of the basic features of our spec construction programs:
1) Limited cash contribution possible (30% of cost usually)
2) Minimal builder / contractor approval
3) Flexible credit requirements
4) Limited reserves required
5) No payments during construction (usually)
6) 12 - 24 month construction phase
7) Interest only payments available (or deferred payments)
8) Large loan amounts available, up to $6M
9) Multi-unit projects possible, apartments, other commercial
10) Strong resume needed
11) Rehab loans, all property type OK
14) Cost breakdown, strong comps, viable exit strategy required
15) Rates typically in the low fives and sixes
16) Lending areas include all California metro areas, with an emphasis on San Francisco Bay Area projects
To apply, look for the Apply Now button on the home page.
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