If You Need $250M Or More For Your Construction Project, Then Read On…
EN Capital is working with a giant construction and bridge lender that created an exciting new way to structure your construction project. They have become a one-stop-shop combining Senior + C-PACE which lets you get a loan up to 85% LTC and they are looking for projects $250M+.
Eliminating the need to seek an additional capital source on top of your senior to achieve your full capital stack not only gets rid of a ton of brain damage it also provides you with a competitive edge on pricing. As a result, this rate-tempered loan is not only easy on the wallet, due to the PACE element, but the PACE component is entirely non-recourse (and potentially the senior piece too).As if that wasn’t enough, if your deal is a fit, they can have it financed before the end of 2019!If you’re ready to get started, here’s what they’re looking for:
Eliminating the need to seek an additional capital source on top of your senior to achieve your full capital stack not only gets rid of a ton of brain damage it also provides you with a competitive edge on pricing. As a result, this rate-tempered loan is not only easy on the wallet, due to the PACE element, but the PACE component is entirely non-recourse (and potentially the senior piece too).As if that wasn’t enough, if your deal is a fit, they can have it financed before the end of 2019!If you’re ready to get started, here’s what they’re looking for:
- Asset Type: Core CRE
- Deal Size: $250M – No Max
- Market: Nationwide, Primary Only
- Max Combined LTC: 85%
- Max Combined LTV: 75%
- Sponsorship:
- Strong track-record and balance sheet
- Term:
- Senior:
- 24 – 48 Months
- C-PACE
- 10 – 30 Years
- Senior:
- Pricing:
- Senior
- 7% – 8.5%
- C-PACE
- 5% – 6%
- Senior
If you have a deal that meets these criteriums, and you want to get it funded before the end of 2019 contact us now or schedule a time directly and let’s start chatting today!