Trinity Street Capital Partners (TSCP) offers ground up construction loans on commercial and residential real estate projects with loan amounts starting at $10MM.
Property types include the following; Multifamily, Student housing, Senior housing, SFR, Build for Rent, Office, Industrial, Self Storage, Retail and Hotels.
The Trinity Street construction loan programs may allow for land, cash and/or developer fees to count toward equity contributions and structure loans to capitalize interest, real estate taxes and insurance carry for the term of the loan.
Loan Amount:
$10MM and up
Early Rate-Lock:
Not Applicable
Loan Term:
3-5 years
Property Types:
Commercial and Residential
Lien Type:
First Mortgage/ Deed of trust
Loan-to-Cost:
Up to 85% of eligible cost
Loan-to-Value:
Up to 75% of appraised value
Interest Rates:
30 Day SOFR + 200bps and up
Amortization:
Interest only
DSCR:
1.25x (Proforma)
Origination fee:
0-1%
Exit Fee:
0-1%
Prepayment:
Generally payment maintenance for 12-18 months.
Recourse:
Non-recourse, subject to standard carve-outs
Geography:
All 50 states
Combine Trinity Street Capital Partners Construction Loans with our Permanent Loan Program.
