Construction and Land Loans

Bank loans for new construction, commercial,
& multi-family.

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With construction financing, it’s paramount to identify the right lending fit.  We know our way around
bank financing and bridge construction loans. Insignia Mortgage enjoys long-standing relationships
with local lenders who can make fast decisions that benefits our clients.

  • Access to local commercial banks and Wall Street real estate funds.
  • 72 hour pre-approval, 30-day close. Rates starting at 4.75250% (4.399% APR).
  • Developer financing up to $45 million; loan-to-cost (LTC) up to 75%.
  • Residential construction financing for primary and second home up to $15 million.
  • Commercial bridge-reposition loans up to $20 million with loan-to-values (LTVs) up to 65%.
  • Vacant land loans available up to $10 million.

Transaction Spotlight

The Situation
Insignia Mortgage recently closed on a $11 million spec construction loan in Bel Air, CA with 50% lender loan-to-cost financing. 

The Solution
We located a local bank willing to provide construction financing, despite our client’s limited US income. This non-recourse loan was cross-collateralized against the subject property, as well a two other income-producing homes.

The Loan Details

  • $11 million dollar construction loan
  • 2-year term
  • 7.000% APR 
  • Interest Only – interest paid only when money drawn 
  • No prepayment penalty
  • 21-day close of escrow