(212) 353-2800

NON-RECOURSE CONSTRUCTION LOANS

We provide our clients unique access to non-recourse construction loans for ground-up development of multifamily and commercial real estate properties. Our loan platform offers higher leverage (LTC), flexible draw schedules and competitive interest rates. Achieve better returns by engaging Integra for your next transaction.
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Non-Recourse construction loans are tougher to obtain without a proper lender relationship and an experienced commercial mortgage broker by your side. Integra’s construction financing platform provides developers with highly-coveted non-recourse loan options for a myriad of projects across United States. This construction loan program is often tied into a mini-perm to permanent loan transition when the project is completed to give our clients a “one stop shop” solution. We serve the construction financing needs of experienced commercial real estate developers in need of creative and competitive loan structures.
non-recourse construction loans

What elements are required for non-recourse construction loans?

There is generally a criteria that construction lenders look for when offering to finance a ground-up project on non-recourse basis. If a project can display a combination of pre-leasing, pent-up demand, a strategic location, sponsorship track record, and a meaningful equity contribution, then we can make a strong case for a non-recourse component in the current market. You do not necessarily need to have all of the above, but rather a combination of these merits to get your loan approved by the lender’s credit committee. Integra will prudently guide you every step of the way to make sure that the loan closes quickly and with top-tier characteristics.

Below are general parameters of loans we facilitate:

  • Loan Amount: $10M +

  • Loan Term: 12-36 months (+ mini-perm)

  • Property Types: Multifamily, Office, Retail, Industrial, Self-Storage, Hotel & Condos

  • Geography: Primary and Secondary markets

  • Lien Type: First Mortgage/ Deed of Trust

  • Loan-to-Cost: Up to 75% of cost

  • Origination Fee: .50% and up

  • Prepayment: Generally none

  • Recourse: Non-recourse, partial recourse and recourse, subject to sponsorship financial strength, location and asset quality.

  • Interest Rate: Competitive LIBOR Rate based financing

  • Completion Guaranty: Required.

  • Payment Guaranty: Required.

Commercial construction loan underwriting guidelines

The commercial construction loan underwriting guidelines are somewhat different from a residential project.
hotel financing

Lending Relationships

Integra provides its clients unmatched access to construction capital through a mix of long standing relationships with the most aggressive, stable and well capitalized lenders such as:

  • Commercial Banks
  • Debt Funds
  • REIT’s
  • Pension Funds
  • Credit Unions
  • Agency Lenders
  • Private Equity

You can expect certainty of execution and a seamless closing process.

Multifamily

Non-recourse financing in primary, secondary and tertiary markets.

Shopping Centers

We finance anchored and non-anchored retail centers.

Hotels

Flagged and independent hotel construction financing nationwide.
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Self Storage

Climate controlled and mini storage facilities.

Student Housing

On and off-campus financing for student housing nationwide.
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Office

Fixed and floating rate loans for all office building classes.
Integra Real Estate Capital offers a full gamut of financing options for stabilized and transitional properties nationwide. Our team of professionals will help you realize the full potential of your real estate portfolio and maximize its financial performance. We are committed to every debt & equity transaction, particularly where timing, structure and certainty of execution are of the utmost importance. CONTACT US FOR MORE INFORMATION: (212) 353-2800
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