Condominium Developments
The euphoric market for new Condominium developments has now shown signs of slowing down and financing options are hard to obtain.
ParkSide continues to arrange Development and Construction Financing options to Owners and Developers of eligible Condominium properties.
Whether the Condominium development is a stand alone or part of a Condo Hotel project, ParkSide understands the propety type very well and is able to work closely with the Borrower to structure the best financing option.
Loan Products Offered
- Construction
- Conversion / Repositioning
- Bridge / Interim
- Preferred Equity
- Mezzanine
- Combined High LTV First Mortgage upto 80% of Cost
Total Loan to Value / Cost not to exceed 85%, including Mezzanine or Preferred Equity piece.
Non-Recourse, Floating Rate, 3 Year Interest only loans with two 1 year extensions available. Spreads based on 30 day LIBOR
Minimum Loan Size $ 25,000,000 and up. Large deal sizes preferred.
Copyright © 2004-2006 - ParkSide Real Estate Capital. All Rights Reserved.