Trinity Street Capital Partners (TSCP) offers ground up construction loans on commercial and residential real estate properties with loan amounts starting at $10MM, with no maximum loan limits. TSCP’s approach consists of a clear identification of the client’s requirements, market/ property economics, sponsorship background/ track record, resulting in optimum pricing & leverage.
TSCP 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:
Office, Industrial, Self-Storage, Retail, Hospitality and Multifamily
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 + 225bps and up
Amortization:
Interest only
DSCR:
1.25x (Proforma)
Origination fee:
0-1%
Exit Fee:
0-1%
Prepayment:
Generally payment maintenance for 12-24 months.
Recourse:
Non-recourse, subject to standard carve-outs
Geography:
All 50 states
