Trinity Street Capital Partners

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Non Recourse Construction Loans

Trinity Street Capital Partners’ construction finance program provides developers with an non-recourse option for development finance, when local banks fall short. The TSCP construction program is often combined with the non-recourse permanent finance program, to create a “one stop shopping” solution for today’s modern developer.

Loan Amount:
$10MM and up

Loan Term:
12-36 months

Property Types:
Multifamily, Mobile Home Community, Office, Industrial, Self-Storage, Retail, Hotel

Geography:
Primary and secondary markets (300K Population or greater)

Lien Type:
First Mortgage/ Deed of trust

Loan-to-Cost:
Up to 75% of cost/ 65% (Hospitality)

Origination fee:
1% and up

Prepayment:
Generally none

Recourse:
Non-recourse, partial recourse and recourse, subject to sponsorship financial strength, location and asset quality.

Rate:
30 Day Libor +250bps and up

Completion Guaranty:
Required.

Payment Guaranty:
Required.

Other:
-Previous Experience required
-15% Cash Equity required
-Strong Net Worth and Liquidity

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