Development Loans
Our Construction Loan Program offers fast and Flexible Funding for your Construction Projects
Grow your business
SMC delivers on-time closings with project focused loan parameters for your business.
Friendly support
Our support team is here to ensure everything runs smoothly, so you can focus on the task at hand.
Save time
With quick and accurate responses to all your queries, you’ll save time and complete your project fast.
Eligible Properties for Ground-Up Construction
Commercial
We offer Construction Financing for Office, Retail, Industrial, Hospitality and Self Storage Facilities Nationwide for projects totaling $1 Million and Up
Multifamily
We have an array of funding programs for Multifamily and Mixed-Use Projects throughout the United States and Canada from $1 Million and Up
Special Use
Special Use Projects include, but not limited to, Resorts, Service Stations and Hospitals throughout the United States and Canada from $ Million and Up
Construction Lending Program
Eligible Property Types
- Multifamily
- Mixed-Use
- Office
- Retail
- Industrial
- Hospitality
Program Parameters
Markets United States, Canada and the Caribbean
Timing Close in 45 to 60 Days
Loan Size $1MM to $100MM +
Leverage Up to 80% LTC
Security First Lien on Asset
Loan Term Up to 5 Yrs, Depending on Transaction
Mini-Perm Available at Construction Completion
Interest Rate Rates Starting in the 5's
Origination Up to 2 Points
Amortization I/O - Shortfall Covered by an Interest Reserve
Prepayment Flexible Structure Based on Transaction
Recourse Recourse and Non-Recourse Available
Escrows Possible for Taxes, Insurance
Construction Draw Managed In-House or Third Party Entity
Interested in our services? We’re here to help!
We want to know your needs exactly so that we can provide the perfect solution. Let us know what you want and we’ll do our best to get it done.