Non-Recourse Real Estate Development Loans
Allow MCL CONSULTANTS to fund your next construction project with our non-recourse real estate development financing option. With many different types of real estate development loans to consider, finding the necessary funding for your project is easier than ever before.
As a real estate developer or investor, the ability to move forward on a new project is often times tied directly to your ability to secure financing. No matter if you are interested in developing land, building a strip mall, constructing an office building, or working on another type of commercial project, funding the project with cash is not usually possible.
Even if you do have the cash on hand, using this money may not make good financial sense. Instead, you can take advantage of a commercial loan as a way of keeping your cash free.
Many of our developer loans require only 10% liquid deposit to be held in an attorney escrow account. 100% of the time the developer will get this money back within 90 days as this loan is non-recourse and a simple lein is put on defaulted assets if the loan is not repaid as written in the terms and conditions. Please feel free to read on or apply right now.
Regardless of your situation, with commercial real estate you will be dealing with large numbers. The minimum loan amount is $2 million. This is a far cry from a general mortgage for a residential property.
Your Approach to the Loan Process
Above all else, you need to focus on the finer details of the project you are working on. This includes but is not limited to: type of property and/or development; necessary funds; and a basic timeline.
Review your project and determine what type of loan product is best.
Financing through MCL is not only the best option, but it’s a smart choice. Non-recourse real estate loans are hard to come by right now.
Complete the application process and we will see if you are right for this loan product.
Year after year, the commercial real estate development financing market changes evolves. In turn, developers and investors are forced to keep up with the changes while doing what is best for them. In today’s day and age there are many types of commercial real estate financing, including the options detailed above
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