CRE Debt & Equity
Stretch First Residential Construction & Rehab
- Deal size
- $2M–$75M
- Indicative terms
- 80–85% LTC / 65% LTV (ARV)11–12%18–24 mo, IO
Overview
Built for sponsors executing a defined construction or rehab plan with a clear exit — sale or refinance. Leverage is aggressive relative to most bank construction lines because pricing and structure are matched to sponsor track record, not just collateral.
Submit a DealWho this fits
- Experienced SFR / condo / townhome / multifamily developers
- Nationwide
- Deals that can close in 45 days
What disqualifies a deal
- First-time developers with no completed comparable project
- Unentitled land (see Pre-Development Land Loans instead)
Frequently asked
Questions sponsors ask about this program
- What deal sizes does Stretch First Residential Construction & Rehab support?
- Stretch First Residential Construction & Rehab is sized at $2M–$75M. Built for sponsors executing a defined construction or rehab plan with a clear exit — sale or refinance. Leverage is aggressive relative to most bank construction lines because pricing and structure are matched to sponsor track record, not just collateral.
- What are the indicative terms?
- Indicative terms are 80–85% LTC / 65% LTV (ARV); 11–12%; 18–24 mo, IO. Final pricing and structure depend on sponsor track record, asset quality, and the exit.
- Who is a good fit for this program?
- Experienced SFR / condo / townhome / multifamily developers. Nationwide. Deals that can close in 45 days.
- What would disqualify a deal?
- First-time developers with no completed comparable project. Unentitled land (see Pre-Development Land Loans instead). We tell sponsors early when a deal isn't right for this program rather than shopping it to lenders who won't close it.
- How does the process and timing work?
- Sponsors with at least one completed comparable project can typically close in about 45 days. Draws are funded against inspected construction progress.