Land Acquisition and New Construction Financing

         

 

 

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CONSTRUCTION AND DEVELOPMENT FINANCING

 

GET YOUR CONSTRUCTION PROJECT FINANCED!

 

 

 

Get your Hotel Project Funded 

Tell us more about your needs

Get your Hotel Project Funded 

Tell us more about your needs

Get your Hotel Project Funded 

Tell us more about your needs

Get your Hotel Project Funded 

Tell us more about your needs

Attention: Builders, Property Owners, Land Developers

Financing For Land Purchase, Site Development and Building Construction

 

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To be considered for financing, please send us the following:

Executive Summary or Business Plan that includes:

-- Property Type

-- Project description
-- Land Value/Purchase Amount and Estimated value on completion

-- Loan Amount needed
-- Time Frame for when funding is needed

-- Construction budget
-- Cash flow / Sales projections

-- Sources and Use of funds
-- Exit Strategy: (Refinance, Sale, etc.)
-- Equity Please indicate how much capital the project owner will be putting into the project.

-- Builder resume / profile

Photos of the property: Please include the inside, outside and the neighborhood.
 

All information is treated in a confidential manner. We will contact you to let you know the details of the loans that are available once we receive your information. If you have any additional questions please do not hesitate to contact us.

 

FUNDING PARAMETERS

Geographic Locations:

USA, Canada, Caribbean 

Eligible Properties:

Any type: Apartment buildings, Shopping centers, Custom homes, Mixed use, hotels, Industrial and commercial buildings, building lots    

Preferred Loan Size:

$500,000 minimum (USA and Canada)

$5,000,000 minimum (Caribbean)
 

Loan Terms:

2 - 5 year fixed terms

Minimum DSCR:

1.20

Interest Rates:

Determined by market rates at the time of rate lock. Rates vary by loan-to-value ratio, debt service coverage and property quality

Closing:

Borrowing Entity - Single Purpose Entity

Third Party Reports:

PCA - Property Condition Assessment Report
Phase 1 - Environmental Survey
AACI / MAI Appraisal

Feasibility and marketing study (if available)

Due Diligence Deposit

Required for appraisal, quantity surveyor, legal, credit checks, site visit


Funding:

90 days from complete due diligence package
 

Fees:

We do not charge any Up Front Fees whatsoever, but rather we prefer to earn a Success fee and/or Equity commission upon successful closing of a transaction.

No Up Front Fee
No Revision Fee
No Stand By Fee
No Retainer
 

Important Note:

 

Fees are always an issue, but at the proper time, with the right proven source, they are a reality. If your local bank in your hometown requires a fee to do an appraisal, title survey, credit reports, property inspection, background check, and many other verifications to fund a condo down the street, it is not realistic to expect them to fund a real estate project, in another country, at zero costs. Developers that insist on paying absolutely nothing until funding will never get funded, it takes money to borrow money.

 

Liquidity or cash on hand is definitely going to be required, and varies widely from lender to lender. Be prepared to pay lender fees/costs of some form. In any given transaction, the Client will be responsible for paying the Legal Fees, Appraisal Fees, Feasibility and Marketing Report fees and fees related to Due Diligence and Background checks and a Site visit.  Some lenders may require that you pay the fees/costs directly to a third party for the expenses incurred or they may require that you make a deposit in order to cover these costs as they are incurred.

 

 

Our goal is to provide our clients with attractive financing options that will best serve their individual financial needs. We have successfully laid a firm foundation for financing a broad range of loan products. We look forward to working with you and helping you grow your business.

 

                            

Please contact us at 905-901-3063 or use the form below to contact us with any questions or project information.

 

 

 

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Please be advised that Northern Range Capital Corp and its affiliates are not offering securities for sale, is not a bank and is not licensed a securities dealer or broker and as such, do not hold themselves to be. The information provided herein is not intended to be for the purposes of soliciting a Security under Provincial, State or Federal regulations.

This website should be construed as informational and not as an advertisement soliciting for any particular purpose. All securities herein discussed have not been registered or approved by any securities regulatory agency in accordance with the securities act of 1933 or any provincial or state securities laws.

 

 

 


Inspiration

"When we build, let us think that we build forever. Let it not be for present delight nor for present use alone. Let it be such work as our descendants will thank us for it, and let us think, as we lay stone on stone that a time is to come when these stones will be held sacred because our hands have touched them, and that will say, as they look upon the labor and wrought substance of them, See this what our father did for us."

John Ruskin - Author 1819-1900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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