Construction

Program Highlights

• Minor to major renovations or brand-new construction 
• Short Term 6-to-12-month bridge loan available
• Based on property value, not personal income
• Private money financing available for projects at initial stage or mid-construction
• For recapitalization of your finished product
• Interest reserves up to project completion

Property Types

• Main-in-Line Properties: Multifamily, Track/Sub-Division Housing, Senior Housing, Office, Mixed-Use, Retail, Medical Office, Warehouse, Self-Storage, Light Industrial, Strip Centers and Large Shopping Centers, etc.
• Special Purpose Properties: Hotels/Motels, Automotive, Gas Stations, Churches, Convenience Stores, Restaurants, Daycare Centers, Assisted-Living Facilities, Dry Cleaners, etc.

Terms

6, 12 or up to 24 months

Loan Amount

$1,000,000 to $50,000,000

Here are the required items to process your loan:
1. Sign RGC Capital loan proposal (LOI)
2. Loan application (click here for the business purpose application)
3. Application and credit report within 30 days of guarantor
4. Digital color photos of the subject property
5. Copy of city permits and all city approvals
6. Itemized breakdown of the dedicated funds already invested into the project
7. Itemized cost breakdown for the proposed project on the contractor’s letterhead
8. A copy of the current contractor’s license from the builder
9. Detailed explanation of exit strategy for repayment
10. The last 2 months of bank statements
11. Architectural renderings and or designs (auto cad format).
12. Final settlement statement of purchase
13. All entity documents and resolutions
14. Copy of most recent mortgage statements
15. Resume supporting experience