Construction Lending

For the experienced developer of SNF, ALF’s, etc, there is construction money available through several sources. Needless to say, a FHA / HUD execution is always the cheapest money available, and will be on a non-recourse basis, however, FHA / HUD will require that prevailing wages be used in the hard costs, and FHA / HUD can also take significantly longer to close than a balance sheet lender. As a very viable alternative, we can offer balance sheet construction financing, which will not require prevailing wages, will close in a much shorter period of time, though it will require a personal guaranty from the borrower.