Capital that moves with the draw schedule.
Fund development and major rehab on a structured draw schedule, with interest carried through completion and lease-up — capital released as the work is actually done.
Ground-up construction, sized to the deal.
- Amount
- $2M – $40M
- Leverage
- Up to 75% LTC
- Term
- 18 – 36 mo
Indicative ranges only — not a quote or commitment to lend; your actual amount, leverage, and term are set by underwriting and property details.
Who this program fits.
- A ground-up development with an entitled site and a fully loaded project budget
- A major rehab or repositioning that needs draws tied to completed work, not a lump sum
- A sponsor with a credible, itemized budget covering hard costs, soft costs, and contingency
- A project with a defined exit — sale, lease-up and refinance, or a permanent takeout lender lined up
From submission to funding.
Submit the plans and budget
Send the entitlements, plans, and a fully loaded project budget — hard costs, soft costs, and contingency included.
Term sheet in 48 hours
We size the facility to total project cost and structure the draw schedule against your construction timeline.
Diligence in parallel
Third-party cost review, title, and entitlement confirmation run alongside underwriting rather than after it.
Close, draw, and fund
Capital releases against completed work on a structured draw schedule, with interest carried through completion and lease-up.
What this could look like.
Illustrative deal — hypothetical, not an actual closed transaction
A developer has an entitled infill site and a fully budgeted plan for a small mixed-use building. The facility is sized to a share of total project cost, draws release against verified completion milestones rather than a lump sum, and carried interest covers the construction period through initial lease-up.
Let’s underwrite your deal.
Send us the property and the plan. You’ll have a real term sheet — not a maybe — within two business days.