Terrace Capital’s construction finance program provides developers with an non-recourse option for development finance, when local banks fall short. The TC construction program is often combined with the non-recourse permanent finance program, to create a “one stop shopping” solution for today’s modern developer.
$10MM and up
Multifamily, Mobile Home Community, Office, Industrial, Self-Storage, Retail, Hotel
Primary and secondary markets
First Mortgage/ Deed of trust
Up to 75% of cost
1% and up
Non-recourse, partial recourse and recourse, subject to sponsorship financial strength, location and asset quality.
Competitive LIBOR Rate based financing