All-In-One Loans

Innovative Deal Structures Designed To Get The Most Out Of Your Project

Our All-in-One Loan is custom designed for the purchase of development ready lots with an extensive horizontal budget. This loan is perfect for creating communities from scratch. Builders Capital can finance the property purchase, horizontal development, and multiple unit vertical construction all at once.

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Details

Purchase or refinance

Loan size minimum of $500,000

Up to 12 Month Term for horizontal portion

Up to 12 Month Term for vertical portion

LOAN GUIDELINES

TERM
  • Horizontal = Up to 12 months for horizontal portion
  • Vertical = Up to 12 months for vertical portion
    • LTV (Loan to Value)
  • Horizontal = Up to 60% (based on finished lot value)
  • Vertical = 65% (based on as-repaired value)
    • PURPOSE
  • Purchase or refinance. Permits, preliminary plat approval and engineered stamped plans required

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    LTC (Loan to Cost)
  • Horizontal = Deal Specific, target 80% LTC
  • Vertical = Up to 90% (based on cost to build, including development costs)
    • PROPERTY TYPE
  • Horizontal = Entitled land with zoning in place
  • Vertical = Single Family, 2-4 Unit Properties, Condo, Townhouses
    • BORROWER EXPERIENCE
  • Proven track record with a similar scope project

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    LOAN SIZE
  • Projects Up to – $50,000,000
  • Min Loan Amount – $500,000
  • Max Loan Amount Per Property/Lot – $3,000,000
  • Total Max Loan Amount – $15,000,000
  • Total Max Loan Amount Condo – $30,000,000
  • Max Guarantor Loan Commitment with Builders Capital – $50,000,000
  • See Borrower Requirements for concentration limits
    • FUNDS, CLOSING & PAYMENTS
  • Cash out allowed if within LTV requirements
  • Interest Reserve or Monthly Payments

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    GENERAL REQUIREMENTS
  • All lending for investment purposes only
  • Interest calculated on drawn balance
  • Construction draws based on inspection report
  • No rural properties
  • Apartments and Development-only loans not allowed
  • Max development budget 30% of total budget per project
  • 1st Lien Position at all times
  • Exit fee required if vertical does not get built
    • BORROWER REQUIREMENTS
  • No individuals. Must be an LLC or Corporation
  • Minimum 660 credit score
  • Reserve requirement: Borrower / Guarantor must demonstrate a minimum aggregate 5% liquidity

    • relative to all BC committed loans

  • Personal Guarantee preferred: Limited Guarantee on case-by-case basis
  • Concentration limit per guarantor is $50,000,000 on total portfolio

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    Continue down to Documentation Requirements

    DOCUMENTATION REQUIREMENTS

    Getting Started

    BORROWER / GUARANTOR

  • Signed Estimated Loan Terms
  • Completed Loan Application
  • Borrower/Builder/Guarantor Resume

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    PROJECT

  • Purchase and Sale Agreement w/ All Addendums (if Purchase)
  • Preliminary Construction Documentation:

    • – Preliminary Plat Map

    – Preliminary Vertical Plans

  • Preferred Title Insurance Company and Contact
  • Preferred Insurance Company and Contact
  • Breakdown of Costs Already Paid into Project
  • Builder Resume (if different from Borrower/Guarantor Resume)
  • Description of Permit Status

    • Getting Funded

    BORROWER / GUARANTOR

  • Most Recent Two Months Bank Statements (Borrower & Guarantors)
  • Most Recent Two Years Tax Returns (Borrower & Guarantors)
  • Borrower Entity Documents and Appropriate Business Licenses:

    • – Legal Filing Documents

    – Operating Agreement & Certificate of Formation (LLC)

    – Articles of Incorporation & Bylaws (Corporation)

     

    PROJECT

  • Builder Material Specs
  • Project Budgets on Builders Capital Budget Template
  • Completed Construction Agreement (if using a 3rd Party Builder and/or

    • Developer

  • Final Plat Approval from Jurisdiction (or Approval Letter)
  • Final Stamped Engineered Plans for Development Work
  • Final Site Plan
    • *The list above shows Borrower provided documentation. All third-party order outs still apply, including standard appraisals, title and 3rd party project reviews.

    **Non rural markets only.  |  Effective Date: 5/25/2022 – Product Guidelines are subject to change at any time.

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    Overall Lending

    $6.0 Billion

    Active Loans

    $3.5 Billion

    New Capital Available

    $700 Million