Subdivision Construction Loans (NEW!!)
 
1- 866-640-6012 for more information.
 
  • Target project between 200 and 3000 homes (larger subdivisions may be phased)
  • Loan amounts up to $500 million (larger projects may be phased into multiple loans)
  • Financing available for land acquisition, development and construction.
  • Single and multifamily properties.
    CMP/Commercial's Subdivision Construction Program is available nationwide

  • SEVERAL INTERNATIONAL PROGRAMS TO FIT YOUR NEEDS

    Our Goal is to get you in direct contact with the direct funding lender ASAP

     

    FAME PROGRAM
    PROGRAM A     (SEE BELOW FOR ADDITIONAL STRUCTURES)

    All Categories of Commercial and Residential Projects-Nationwide -International Development
    -No Minimum Score Requirement
    -No Presales Required
    -No Prepayment Penalty
    -No Need to Complete Phases for Disbursements-Borrowers Provides Disbursement Request
    -Minimum Loan: 10 Million
    -Term:5 yrs INTEREST ONLY
    -Rate: 4.5% FOR TERM
    -Points: Dependent on Deal Strength
    -Loan to Cost: Up to 100% of Hard , Soft, and Land
    -Requirement: 20% Minimum Profit Margin of “As Completed Value”
    -Commitment: 3-15 Banking Days
    -Funding: Per Lenders Commitment
              Funding for Remaining Disbursements: 40 Banking Days apart

    Documentation Required for Loan Commitment-Construction Loan

    1) Executive Summary for the Project (should including Property Description, Plans, Capital Invested, Hard Equity, Use of Funds by Phases, Draw Schedule, Exit Strategy, Bios of Borrowers, Color Photos, Entitlements, City Approvals, Floor Plans,
    2) 5 years Pro-Forma,
    3) Transaction Summary (Provided by CMP)
    4) Lender specific Application (Provided by CMP)
    5) Purchase Contract (If purchase)

    FUNDING Requirements. Survey, Title Report, Deed, Current Notes, Liens, Environmental, Contracts with all 3rd. Parties in the Project, L.L.C. Agreement or Articles of Incorporation, PFS, 2 ID’s for all borrowers.

    FAME Application
    Transaction Summary

  • ASSET BASED NOTE
    PROGRAM B

    Borrower will need proof of funds of $200,000
    Funding in increments of $10,000,000 or one payout of $36,000,000
    Submit Executive Summary and Pro Forma for consideration
    Borrower will complete a non solicitation form
    Borrower will conference with lender
    Lender will provide LOI, Commitment Letter, and Deposit Agreement
    Borrower and their counsel decide what to do next.... or look elsewhere for funding.
    Funding occurs in approximately 30 days
    Funding disbursed monthly until fully funded. Borrower decides disbursement schedule

    TERMS
    90 day libor + 1.25% to 1.75%
    10 Year Note
    No Penalty to Prepay
    Non Recourse to Borrowers

    Transaction Summary
    Non Solicitation Template

    15% INSTRUMENT PROGRAM C
    PROGRAM C $50M Minimum

    Borrower will need an Instrument purchased on their own for 15% of the Funding Request
    Free and Clear Land can be monitized
    Borrower will JV the Instrument with lender
    Program is a collaboration of a AAA Bank and an excellent Investment House
    Total Transparency
    Terms similar to Program B

  • Download Subdivision Loan Application.

    COMPLETE AND FAX TO 954-847-9953

CALL US TOLL FREE FOR MORE INFORMATION
1-866-640-6012
OR SUBMIT YOUR LOAN SCENARIO BELOW!

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