Financing Partners:

Construction & Permanent Lenders

The information below is based solely on information provided to Novogradac & Company LLP by the contact person. To be included in this list, please contact cpas@novoco.com.

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Lender Name / Contact Person Loan Type Current Rate Fees & Points Loan Term DSCR /
LTV Ratio

Bank of America Merrill Lynch
Teri Williamson

916.326.7843

Const./TE/Bridge/Equity/LIHTC/NMTC/
HTC/Term Loans/Multifamily

Variable/Fixed

Varies

Up to 36 Mo;
Up to 30 Yrs.

Varies

80%-90%

Bellwether Real Estate Capital
Ross Halloran

216.820.4500
rhalloran@bellwethercap.com

FHA-New Const., Rehab/Freddie Mac/USDA Rural Housing

Variable/Fixed

Varies

Up to 40 Yrs.

1.1

75%-90%

Boston Capital Finance
Bill Fazzano
Sean Curry

617.624.8711
617.624.8932

bfazzano@bostoncapital.com
scurry@bostoncapital.com

Const./Perm.

Fixed, based on market conditions

Varies

2 Yrs. Const.;
15 Yrs. Perm.;
30 Yrs. Amort.

1.2 min.

85% max.

CA Housing Finance Agency
Laura Whittall-Scherfee

916.326.8809
916.327.5115 (f)
lwhittall-scherfee@calhfa.ca.gov

Call for Information

Call for Information

Call for Information

Call for Information

Call for Information

Centerline Capital Group
Phil Melton

714.660.0303
714.660.0326

TE/Const./Perm./Taxable/FNMA DUS/Freddie

Variable/Fixed

Varies

Min. 10-Comp. Period +3

5/30

1.20-
1.25

80%-90% max.

Chase
Geri Crolla

203.944.8533
866.580.3274 (f)
geri.crolla@chase.com

Const./Bridge/LC/NMTC/Perms/TE Bonds

Variable/Fixed

Varies

Up to 36 Mo.

Varies

80%

Citi Community Capital
Steven Fayne

415.627.6474
415.445.9965

Const./Perm./TEBs/Forward Commitments

Variable/Fixed

Varies

Up to 36 Mo.; Up to 30 Yrs.

1.15 

Up to 90%

Citizens Union Bank
Tammy Thomas
Brad Snider
Steve Hornback

866.633.4450
502.647.7478 (f)
tht@cubbank.com

Const./Bridge/Perm./TE

Variable/Fixed

1%-2%

2 Yrs.; 15 Yrs.; 30 Yr. Amort.

1.15 min.

80%-85%

Davis-Penn Mortgage Co.
Ray Landry
Carl Ogden

281.481.2400
281.481.3250
281.481.2425 (f)
rayl@davispenn.com

Const./Perm.; 221(d)4 & 223(f)

Fixed

Negotiable

35-40 Yrs.

1.15

221(d)4: 87%
223(f): 85%

Enterprise Community Investment Inc.
Lamar Seats
Jesse Alfriend
Gary Alex

410.772.6019
410.772.2570
678.892.3163

410.715.9872 (f)

FNMA/Freddie Mac/FHA/USDA/Bonds

Variable/Fixed

Varies

5-40 Yrs.

1.15 Min.

90% Max.

Grandbridge Real Estate Capital
Jeff Patton
Tim Duncan

205.978.1851
913.850.6375

jpatton@gbrecap.com
tduncan@gbrecap.com

FNMA DUS/ Freddie Mac/FHA/Perm./Fwd./TE/Taxable

FHA or FNMA Based;
Treasury- or Bond-Based;
Variable and Fixed

Varies

10-40 Yrs.

1.10-1.20

80%-90%

Greystone Servicing Corporation Inc.
Betsy Vartanian-FHA,
Jeff Englund-Fannie Mae, Freddie Mac
Steve Germano-Bridge

540.428.7207
jenglund@greystoneusa.com

Fannie Mae and Freddie Mac, FHA Programs, Taxable and Tax Exempt, Bond Credit Enhancement

Treasury Based

Varies

5-30 Yrs.
Fannie Mae, 35-40 Yrs. FHA

1.11 minimum

75%-90%

Kasper Mortgage Capital
Tom Kasper

804.285.3900
804.285.3977 (f)
tom@kmctaxcredits.com

FNMA DUS/TE/Taxable

Variable/Fixed/FNMA-Based

1%-2%

18-30 Yrs.

1.10 x mins.

90% max

KeyCorp Real Estate Capital Markets
Dave Shillington

214.540.9150
david_g_shillington@keybank.com

Const.+L/C/ Perm./ Fwd. Rt. Lk/ Tax-Exempt
Fixed Rate, FNMA, FhLMC, FHA

Variable
Fixed Rate
FNMA, FhLMC and FHA

1%-3%

18-36 Mos.
15-18 Yr. term
30/40 Yrs. Amort.

1.15-1.20

80%-90%

Lancaster Pollard Mortgage Company
Nick Gesue
Brian Pollard

614.224.8804
614.224.8805 (f)
ngesue@lancasterpollard.com

FHA/FNMA/USDA/TEB
Const./Rehab/Perm./Forwards

 

Treasury Based Fixed Rate (subject to market)

1-3%

Up to 40 Yrs.

> or = 1.05

< or = 95%

Love Funding
James Vanar

949.584.1673
949.258.5323 (f)
jvanar@lovefunding.com

HUD/FHA--New Construction/Rehabilitation and Permanent Loans

Varies

Varies

Up to 40 yrs.

1.11/90%

PNC Real Estate
W. Thomas Booher

415.733.1500
415.733.1555 (f)
tom.booher@pnc.com

Fannie Mae/Freddie Mac/FHA Perm./Const./Rehab/Fwd Commitments LIHTC/TEB and Taxable Financings/Sec. 8/Sec. 236 IRP Decouplings

 

Varies

Up to 40 Yrs.

1.10-1.20

80%-90%

RBC Capital Markets
Helen Feinberg

727.895.8892
727.895.8895

Tax Exempt Bond Financing

Variable/Fixed

Varies

1-40 Yrs.

1.15+

75%-
90%

Red Mortgage Capital, LLC
Tracy W. Peters
Wm. T. Hinga

614.857.1656
614.857.9758 (f)
twpeters@redcapitalgroup.com

614.857.1499
614.857.9690 (f)
wthinga@redcapitalgroup.com

Const./Perm./Fannie Mae DUS/FHA 221(d), 223(f), Bridge

Fixed

.75%-2%

Up to 40 Yrs.

As low as 1.11x

Up to 90%

Stearns Bank N.A.
Steve Domine
Dave Feriancek

800.320.7262
320.202.6132
320.258.4810
320.258.4845 (f)
davidf@stearnsbank.com

Const./Predevelopment/Bridge

Variable/Fixed

1%-2%

Up to 30 Mo.

None

75%-100%

Sun West Mortgage Company, Inc.
Anson Snyder

562.916.1457
562.252.8940 (f)
anson.snyder@swmc.com

HUD/FHA - New Construction/Rehabilitation and Permanent Loans

Fixed

Varies

Up to 40 years

1.11

90%

US Bank
Cathy Danigellis
Craig Mizushima
John Chan

206.344.5457
312.325.8893
916.498.3803

Construction/
Perm/LCs/Direct Purchase Tax-exempt

Fixed/Variable

.75-1.75

Up to 30 years

1.15

85%

Wells Fargo Community Lending and Investment
John Epstein

503.886.2587
jepstein@wellsfargo.com

Const./Perm./Bridge/TE/Taxable/L/C's/Credit Enhancements/Fannie Mae & Freddie/FHA

Variable/Fixed

Varies

12/36 Mo.; 18/30 Yrs.

1.20 min.

Up to 90%