|
The risks associated with buying an existing building are nothing compared to the risks associated with developing a new
building. What entitlements must be obtained? Will the proposed building be appropriate for the target market?
What problems will arise during the construction phase? With all those questions and risks associated with a development
project, it is nice to know that the Seascape Financial Group wants to work with you to obtain a construction loan that
minimizes your risk while maximizing the return on your invested capital.
Commercial Construction Financing
Owner/users of commercial real estate sometimes find that the market does not offer a building that suits their specific
needs. In other cases, investors in commercial real estate may decide that the market has a shortage of a certain type
of product. In those cases it makes sense to develop your own project according to your unique specifications. Commercial
construction projects are among the most complex real estate transactions and require substantial analysis and planning to
execute. The list below highlights some of the financing options available to you in order to craft a custom financial
solution that addresses the unique needs of your transaction.
- All property types considered
- Land loans available in some cases
- Take-out loans available
- Financing available for soft costs
- Equity financing available in some cases
- Financing available globally
- Construction-to-mini-perm financing available
Residential Construction Loans
Residential construction loans are typically short term, interest-only, loans that adjust based on a short term index like
the prime rate. Most residential construction loans are due on completion of construction, usually when a certificate of
occupancy is issued. The following list details some of the loan features available through the Seascape Financial Group.
- Quick approvals
- Rate locks available
- Fast funding on draw requests
- Loans available in California & Nevada
- Construction-to-permanent loans available
Transaction Support
Because of the truly unique nature of construction financing the Seascape Financial Group has put together a group of
companies that provide the services listed below. Each of these service providers is an expert in their field and
understands the complex nature of transaction support for construction projects.
- Title insurance
- Escrow
- Feasibility studies
- Appraisal
- Environmental & engineering assessments
- Architectural design
- Construction management & disbursement services
- Legal services
- Tax & accounting services
|