Acquisition/Construction/Hold
(for rental housing)
- 1-4 family, multi-family, and mixed use properties with 75% of income from residential rents
- Construction and perm financing in one loan
- Loans up to $6.5 million
- Up to 75% LTV and 85% LTC
- Minimum 1.2 DSCR
- Up to 30 year amortization schedules
- Interest only from reserve during construction period
The loan experience was seamless and painless. My contact at Spring Garden Lending addressed all issues in a timely and efficient manner. She made decisions as needed. This efficacy allowed me to use my energy and time on other projects. I highly recommend Spring Garden Lending.