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Advantage Capital Investments offers construction mortgages for commercial real estate properties nationwide in conjunction with our SBA-504 program.

  • Commercial Construction Loans Size: $750,000 - $10,000,000 (including 1st and interim 2nd financing)

  • Maximum LTVs (per SBA 504 guidelines)90% for multi-use properties (excludes start-up businesses)85% for special use properties (multi-use start up)80% for special use properties that are start-up businesses*Subject to construction loans guidelines below

  • Construction Loans - Interest Rate: Case by Case

  • Eligible Properties for Commercial Construction Loans: Multi-use properties and currently acceptable special use properties will be considered if the credit is sufficiently strong to justify the transaction. Must be located in an identifiable MSA. The project must be located in an area suitable for the intended use. Construction costs must be within acceptable norms (no unusual types of construction or elaborate improvements willbe allowed)

  • Borrower / Eligible Operating Company Requirements:Borrower / operating company must have generated a DCR of ≥ 1.25 for the proposed debt over the past two years or have acceptable trends if a proposed expansion. Four years of operating history or equivalent ownership experience profitability, retained earnings / equity, and leverage, must all be equal to, or better than, the specific industry’s average.Borrower / guarantors must demonstrate strong credit characteristics including cash flow and liquidity adequate to payfor possible cost overruns of 10-15% of hard costs after equity injection. Combined outside net worth of the owners should be approximately 35% of the proposed loan amount

  • Underwriting Requirements:In addition to the normal term loan underwriting requirements a  detailed cost breakdown, construction contract, plans and specifications, and building permits are required.

SBA 504 Loans, SBA 7A Loans, Private Money Commercial Loans, Commercial Loans

To Start a Loan with Advantage Capital Investments simply click Apply

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