REHAB Financing, Ground-up Construction and Land Development for Investors and Developers
Wilshire Commercial Partners extends innovative financing approach to small and mid-size investors or developers. Our consultative assessment of construction projects allow us to develop and maintain long term client relationships.
Our ability to structure transactions based on contractor, developer plans and capital needs offer a strength of continued support for the growth of small business rehabbers, fixers, rental property owners and land developers. We work as funding partners with visionary entrepreneurs.
We adhere to responsible financing and sound investment planning. Programs are uniquely structured and designed for special situations where the borrower needs to have a negotiating leverage over time and capital.
We determine the needs of our individual clients and discuss different financing options to maximize investment return. We allow our clients to leverage conventional and non-conventional programs to achieve business and investing goals and deliver the most reliable and efficient method of securing capital.
Land Acquisition and Development Loans for Commercial Projects
- 50-65% AS IS Value
- Project Summary, Development Plans
- Construction Costs Breakdown
- Approved Plans and Permits (if applicable)
- Resume of Developer and Management Team
- Personal and Business Financials of principal guarantor(s)
- Resume of Licensed/insured Contractor
- Related Experience and credentials in commercial development
- Private Financing only
- MAI Appraisal, environmental report, survey maybe required
- Cash injection or equity participation of principal developer(s)
- Pre-sales or pre-lease agreement (if available)
- Strong Exit Repayment Plan after 1-2 year term
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Purchase Rehab Loans 80% ARV and Ground-up Construction 90% Loan to Costs
Property Types: Single Family Residence, Duplex, Triplex, Fourplex, Manufactured, Modular, Row house
Purchase Rehab Loans:
80% of After Repaired Value
640-700+ mid credit score
Full income documentation
(12 months bank statements)
25 years amortization
Licensed, Insured and Bonded Contractor
Owner Builder with business license and
verifiable workmanship
Strong experience and references
Fast 2 weeks closing
Purchase and Ground-up Construction Loans:
90% Loan To Costs
Requires minimum 10% cash injection from borrower
640-700+ mid credit score
Full income documentation
(12 montsh bank statements)
Licensed, Insured and Bonded Contractor
Strong experience and references
Private Financing may be applied as an alternative depending on construction or rehab project needs
of the borrower. Pllease discuss loan to value and program guidelines with an underwriter.
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