LENDER-DB24I10805EB00078
$495.00
Purchase for full contact information of one or more deal team members. All purchases are final and non-refundable.
Description
Asset based Lender in Construction:
– Construction Loans: loans specifically for construction projects. These loans are used to finance the various stages of construction, including land acquisition, materials and labor costs, and other related expenses.
– Milestone Progress Billing: milestone progress billing, where the loan disbursement is tied to specific milestones or stages of the construction project. As each milestone is reached, the lender releases funds to the borrower.
-Typically range in size from $500,000 to $5 million loan sizes
– These loans can be more expensive compared to traditional bank loans due to their higher risk nature and specialized lending approach.
– Rate range from 12-26%