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Multi-Family Development Construction Loans
Multi-Family Development Construction Loans
Building the Future of Income-Producing Properties with eQcho Capital’s Multi-Family Development Construction Loan
Investing in multi-family development projects can be a rewarding endeavor, offering the potential for significant income generation upon completion. At eQcho Capital, we recognize the complexities involved in financing these large-scale construction projects and provide specialized loan options to help you bring your vision to life. Our Multi-Family Development Construction Loan is designed to meet the unique needs of developers looking to create income-producing properties.
Tailored Financing for Your Development Project
Developing a multi-family property requires a loan that not only covers construction costs but also sets the stage for long-term financial success. Our loan terms are crafted to support your project from groundbreaking to completion, ensuring you have the financial resources you need every step of the way.
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Streamlined Process and Quick Closing
At eQcho Capital, we understand that time is of the essence in construction projects. Our streamlined loan approval process ensures that once all supporting documents and third-party reports are received, we can close your loan within 30 days. This efficiency allows you to begin construction without unnecessary delays, keeping your project on schedule.
“Wow, a big thank you, Eqcho Capital. Robert was fantastic to work with. He was persistent in getting the job done, coordinating with the appraisal, underwriting, and the title company. Robert’s group at Eqcho Capital did a great job. I’m extremely satisfied and would highly recommend Eqcho Capital as a funding resource. Looking forward to working with Robert and Eqcho Capital in the future.”
Terms, Interest Rates, Loan Amounts, LTV & Guarantee Info
- Term and Flexibility: Our construction loan offers a 24-month term, providing ample time for project completion while maintaining financial flexibility. This term allows you to focus on construction and development without the immediate pressure of short-term repayment schedules.
- Interest Rates and Points: At eQcho Capital, we offer market-rate loans with competitive points, ensuring you receive fair and transparent pricing. We are committed to providing financing that aligns with current market conditions, helping you keep costs manageable throughout the development process.
- Loan Amounts: Whether you’re working on a smaller multi-family project or a large-scale development, our loans range from $3 million to $100 million, accommodating various project sizes. This range ensures that we can support your development goals, regardless of scale.
- Loan to Value (LTV) and Loan to Cost (LTC): With up to 65% LTV and a 75% LTC, our loans offer substantial leverage while maintaining a responsible equity position. This balance allows you to maximize your project’s potential while minimizing financial risk.
- Interest Reserves: To further support your financial stability during construction, eQcho Capital includes interest reserves as part of our loan structure. This feature helps ensure that you can cover interest payments during the construction phase, allowing you to focus on building your income-producing property without cash flow concerns.
- Personal Guarantee and Liquidity Requirements: As part of our commitment to responsible lending, we require a personal guarantee amounting to 10% of the loan value in liquidity. This guarantee reflects your commitment to the project and provides us with confidence in your financial stability, ensuring a successful partnership.
- No Prepayment Penalty: We understand that your financial strategy may evolve as your project progresses. That’s why our Multi-Family Development Construction Loan does not include a prepayment penalty, giving you the flexibility to refinance or pay off the loan early if it aligns with your goals.
Why Choose Us?
At eQcho Capital, we specialize in providing financial solutions tailored to the needs of multi-family developers. Our expertise in the construction finance sector, combined with our flexible loan terms and competitive rates, makes us the ideal partner for your development projects.
We are committed to helping you transform your vision into a profitable, income-producing property. From initial planning to final construction, eQcho Capital is here to support your journey with the financial tools and resources you need to succeed.
Explore our Multi-Family Development Construction Loan options today and see how eQcho Capital can help you achieve your development goals.