Construction-to-Perm

Graco Mortgage is pleased to offer construction-to-perm loans up to 60% 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:                            60%

                                            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