How we work
When your bank comes back short, you want two things: someone who's in the market this week, and someone who'll read the term sheets properly and go wider if the first ones aren't good enough. That's the job.
- 01
Send us the project.
Budget, site, drawings, sponsor financials, and the term sheet you already have if there is one. Inside a week you'll know where the project sits with each lender type and what leverage is realistic. If your bank is the right lender, we'll tell you that.
- 02
A short lender list.
Not a blast. Six to ten lenders whose criteria the project actually fits, approached with a package they can underwrite from.
- 03
Term sheets, side by side.
Leverage, rate, recourse, reserves, extensions, fees, and what each one means for your equity. That comparison is the point.
- 04
Through to closing.
Lender diligence, appraisal, third-party reports, loan documents. We stay on it until it funds.
The fee
Paid at closing, out of proceeds. No retainer, no upfront engagement fee. Third-party costs (appraisal, environmental, property condition report, lender legal) are yours and go straight to the providers, not to us. If the loan doesn't fund, you don't owe us anything.
Two things developers ask about guarantees
On recourse: a bank construction loan almost always carries a full guarantee. A debt fund's is usually non-recourse with standard carve-outs, and some burn the guarantee off at completion or stabilization. That difference alone is why a lot of sponsors move off their bank for the construction phase.
On your own credit: a commercial loan guarantee doesn't show up on your personal credit file unless you default on it. It does count in a lender's contingent liability math, which is a different thing, and one we work through with you before you sign.