Construction-to-Perm

Graco Mortgage is pleased to offer construction-to-perm loans up to 70% conventional and 90% SBA. Multi-use properties are eligible for this program. Our most popular program requires only a single close to go from groundbreaking to occupancy.

Summary:

     Product Type:                  Owner-Occupied Construction-to-Perm

     Property Type:                 Construction financing and upon completion, conversion                                              to permanent term loan.

            Loan Amount:           $250,000 - $5,000,000

            LTV:                         70%

            CLTV:                       90% SBA

            Amortization / Term:   Interest Only / 1 year

            FICO:                        650

            DSCR:                       1.20

            Non-Eligible:               Ground Lease, Start-Up

            Cash-Out:                   N/A

            Collateral:                   Real Property