Construction & Permanent Lenders

The listings on this page are provided as a free service to the affordable housing community. Novogradac & Company LLP does not provide investment advice and these listings are not to be construed as a recommendation to engage in a transaction with a particular party.

The information below is based solely on information provided to Novogradac & Company by the listed contact person for each company and Novogradac & Company LLP is not responsible for any inaccurate or out of date information in these listings.

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Lender Name / Contact PersonLoan Type / Loan TermCurrent Rate / Fees & PointsDSCR / LTV Ratio

Bank of America Merrill Lynch

 

 

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

Up to 35 Yrs.

Variable / Fixed

Varies

1.15 min.

Up to 90%

Barings Multifamily Capital LLC
Daron Tubian
212.878.6050
Email

Permanent Financing for:

Acquisition, Balance Sheet, GSE, FHA, Taxable Loans, Tax-Exempt, Private Placements Public Offerings

18 - 40 Yrs.

Call for Information

Call for Information

1.15

90%

Bedfor Lending
Joe Carmen

646.543.2170

Const./Term Loans for Affordable Housing Developments

Fixed, Based on Treasuries/Varies

Up to 40 Yrs.

Up to 90%

Bellwether Enterprise Real Estate Capital LLC
Philip A. Melton

469.729.7677
Email

FHA/HUD

USDA/

Fannie Mae/Freddie Mac/

LIHTC/

Bridge/

New Construction/

Rehab & Perm Loans/

Call for Information

Varies

1.11 min.

Up to 90%

Berkeley Point Capital
Tom Cassidy

267.465.7525
Email

LIHTC /
New Const., Rehab. and Perm. Loans /
HUD / FHA /
Fannie Mae /
Freddie Mac /
Taxable and
Tax Exempt
Bonds /
Bridge /
CMBS /
Life /
Equity

Up to 40 Yrs.

Varies

Varies

As low as 1.05

Up to 90%

Boston Capital Finance
Bill Fazzano
617.624.8511
Email

Sean Curry
617.624.8532
Email

Construction and Fixed Rate Forward Permanent Financing

Construction 24 months, Permanent 15 or 16 Years / 35-40 year Amortizations

Call to Inquire

Call to Inquire

1.15

85%

CA Housing Finance Agency
Jim Morgan

916.326.8806
916.327.5115 (f)

Call for Information

Call for Information

Call for Information

Call for Information

Call for Information

CBRE
Jim Flinn

206.664.9313
Email

Fannie Mae
Freddie Mac
HUD/FHA

Up to 40 Years

Treasury Based

Varies

Varies

Up to 90%

Capital One Bank
Laura Bailey

713.435.5321
Email

Const. and Term Loans for Affordable Housing Dev.

Const. 18-30 months; Term 15 years, 30 year amort., forward rate lock

LIBOR + 275-325 bp

100 bp + rate lock fee 50-100 bps

1.20/80%

Century Housing Corporation
Josh Hamilton

310.642.2030
Email

Acq. /
Const. /
Predev. /
Bridge

12-48 Mos.

Variable / Fixed

Varies

Call for Information

75%-90%

 

Chase
Geri Crolla

203.944.8533
866.850.3274

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

Up to 36 Mo.

Variable / Fixed

Varies

Varies

80%

Chemical Bank and InSite Capital
Sadie Erickson
616.494.9022
Email

Equity Bridge Loans and Construction Loans

Varies

Varies

Varies

Varies

Churchill Stateside Group
Keith Gloeckl

727.233.0564
Email

HUD MAP,
USDA 538,
Fannie Mae,
Const., Perm.,
Forward
Commitment,
Insurance
Company /
CMBS

Up to 40 Yrs.

Variable / Fixed, Treasury based

Call for Information

Varies

Varies

Cinnaire
Karyn Knaak

(608) 234-5292

Fannie Mae /
FHA / Acq. / Predev. /
Rehab / Perm /
Forwards

Up to 40 years

Premium pricing available for moderate to low LTV

Varies

As low as 1.11x LTV

Citi Community Capital
Mark Dean

206.346.2838
206.628.4959
Email

Acq. /
Const. /
Prem. incl.
Balance Sheet,
Freddie Mac
and Fannie
Mae, Taxable
Loans,
Tax-Exempt
Private
Placements and Investment
Banking
Services for
Public Offerings

Short-Term up to 35 yrs.

Short-Term / Long-Term

Varies

1.15 

Up to 90%

Citizens One Home Loans
Troy Yarolimek

920.809.0094 (cell)
844.442.6913 (fax)

Fixed 30 / Once Close Construction to Perm / Full Renovation 

30 Years

Short-Term / Long-Term

Varies

1.15 

Up to 90%

Citizens Union Bank
Tammy Thomas

502.647.7412
502.647.7447 (f)
Email

Const. /
Bridge /
TE

Up to 24 Mo.

Varies

Varies

Varies

Davis-Penn Mortgage Co.
Ray Landry
281.481.2400
Email


Kristin Welch
281.481.3250
281.481.2425 (f)
Email

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

35-40 Yrs.

Fixed

Negotiable

1.15

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

Dougherty Mortgage LLC
Tim Larkin

612.317.2100

Const. /
Perm.;Fannie Mae/FHA/USDA

5 Yrs. To 40 Yrs.

Call for information

Varies

1.11 min.

Up to 90%

Grandbridge Real Estate Capital
Tim Duncan

913.850.6375
Email

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

10-40 Yrs.

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

Varies

1.10-1.20

80%-90%

Great Southern Bank
Adam O'Sullivan

417.888.4464
417.888.5850(f)

Bridge /
Const. /
Perm. /
Rehab

2 Yr. Const./15 Yrs. Perm.

Fixed / Variable

.75% Bridge / Const., 1% Perm.

1.15

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

770.392.9340
Email

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

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

Treasury Based

Varies

1.11 min.

75%-90%

Hunt Mortgage Group
Paul Weissman

303.504.6239

 

Fannie Mae,
Freddie Mac
and FHA / HUD programs;
taxable and
tax-exempt;
bridge

Up to 40 yrs.

Variable/Fixed

Varies

As low as 1.11x

Up to 90%.

KeyBank Real Estate Capital
Al Beaumariage

214.540.9129
214.696.5162 (Fax)

Fannie Mae /
Freddie Mac /
FHA /
CDT /
Life Co. /
Conduit /
Perm /
Forward /
Bridge /
Cons.

18-36 Mos.
15-18 Yrs.
30-,35-,40-yr Amort.

Variable / Fixed

1%-3%

1.15-1.20x

90%

Legacy Bank and Trust
Brett Magers

417.753.4343
417.753.1535 (f)
Email

Construction / Perm / Bridge / Direct Purchase

Up to 24 months construction; Up to 18 years perm

Varies

.5% - 2%

1.15x

80%- 85%

Love Funding
Jonathan Camps

 

202.887.1825
202.887.5286 (f)
Email

HUD / FHA --
New Const. / Rehab. and Perm.
Loans; bridge

Up to 35 yrs. Perm. Loans
Up to 40 yrs. NC/SR Loans

Varies

Varies

As low as 1.11x

Up to 90%

M1 Bank

McLane Poteet

Corey Poteet

 

314.721.2265

Predevelopment/Const./Rehab/Bridge

Up to 30 Mo.

Variable/Fixed

Varies

None

75%-100%

NorthMarq Capital
Paul Cairns

 

952.356.0083
952.356.0099 (f)
Email

LIHTC/New Construction, Rehabilitation and Permanent Loans/
HUD/FHA/Fannie Mae/Freddie Mac/Taxable and Tax Exempt Bonds/
Bridge/CMBS/Life/Equity

Up to 40 yrs. 

Varies

Varies

Varies

Up to 90%

Paragon Mortgage Corporation
Jason Israel, CCIM

602.347.6726
602.230.1716 (f)

HUD / FHA – New Const. /
Rehab.;
Fannie Mae /
Freddie Mac

Up to 40 Yrs.

Varies

Negotiable

80%-90%

Pembrook Capital Management LLC
Terence F. Baydala

212.906.8688
 

Const. /
Fixed /
Bridge /
Mezz /
Pref. Eq.

Up to 60 Mo. Const. & Bridge / 18/30 Yrs. Perm.

Fixed / Variable

Varies

1.15 min.

Up to 90%

PNC Real Estate
W. Thomas Booher

415.733.1500
415.733.1555 (f)
Email

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

Up to 40 Yrs.

N/A

Varies

1.10-1.20

80%-90%

Prudential Mortgage Capital Company
Paige Warren

571.357.7820
Email

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

FNMA: 5-30 Yrs; FHA: 35-40 Yrs

Treasury Based

Varies

1.11 min.

75%-90%

R4 Capital Funding
Jim Spound
Becca Ickowicz

646.844.0936
646.576.7662

Tax-Exempt Bond Financing

40 yr. amort / 17 yr. term

Variable/Fixed

Varies

1.15x – 1.20x

LTV as Stabilized with LIHTC 65%

RBC Capital Markets
Helen Feinberg

727.895.8892
727.895.8895

Tax Exempt
Bond Financing

1-40 Yrs.

Variable / Fixed

Varies

1.15+

75%-90%

Red Mortgage Capital, LLC
Tracy W. Peters

614.857.1656
614.857.9758 (f)
Email

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

Up to 40 Yrs.

Fixed

Varies

As low as 1.11x

Up to 90%

Red Stone Equity Partners

Ryan Sfreddo

212.297.1800
212.277.6433 (f)

Tax-Exempt /
Const. /
Perm. /
Fixed-Rate

Up to 40 Yrs.

Fixed

1%-2%

1.15-1.20

80%-90%

Regions Bank
Brian Coffee

205.264.5613
205.801.0138 (f)
Email

Const. /
HUD /
Freddie /
Fannie Perm.
Loans

24 mo. const. period; will consider open-ended transactions

Variable / Fixed

1%-1.5%

1.20x

NAP

RICHMAC Funding, Inc.
Mathew Wambua

212.938.0498

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

Up to 40 years

Treasury Based, Variable and Fixed

Varies

1.11x min

Up to 90%

Rockhall Funding
Joe Carmen

646.543.2170
Email

Const. /
Term Loans for Aff.
Housing
Dev.

Up to 40 years

Fixed, based on treasuriesUp to 90%

Rockport Mortgage Corporation
Dan Lyons

978.675.2002
978.283.1957(f)

FHA-Insured (acquisition,
new const.,
rehab. and
refinance)

Up to 35 yrs. for purchase or refinance; Up to 40 yrs. for new const. or sub rehab

Varies

Fixed Rate

Varies;  1.11 to 1.20

Varies;  80-90%

Stearns Bank N.A.
Dave Feriancek
Steve Domine

320.258.4810
800.320.7262
320.258.4845 (f)
Email

Const. /
Predev. /
Bridge

Up to 30 Mo.

Variable / Fixed

1%-2%

None

75%-100%

 

Sterling Bank

Philip Minden 
Executive Vice President, LIHTC Specialist  
314.571.5610  
Email

Pat Blassie 
Vice President - LIHTC Specialist 
314.571.5610  
Email

Const. /
Perm /
Bridge /
Predev. /
Direct Purchase /
Tax Exempt

Up to 24 months const.
Up to 18 years perm.

Variable / Fixed

1%-2%

1.15-1.25

80%-85%

Stifel
John Rucker
334.834.5100
Email

Dan Dill
425.455.8122
Email

Tax Exempt /
Taxable Bond
Financing

Up to 40 yrs.

Variable / Fixed

Varies

1.15+

Up to 90%

SunTrust Community Capital
Paul Woodworth

404.230.5516
Email

Const. /
Perm. /
Bridge /
TE /
Direct Purchase
Tax Exempt

Up to 36 Mos Const. / 18/30 Yrs Perm

Variable / Fixed

Varies

Varies

Up to 90%

U.S. Bancorp Community Development Corporation

Dan Smith

612.303.3689

Const. /
Perm / LCs /
Direct Purchase
Tax-exempt

Up to 36 Mos
Const/18/35 Yrs Perm

Fixed / Variable

.75-1.75

1.15

80%-85%

Walker & Dunlop
Frank Baldasare
Heather Olson

678.256.1428

Fannie /
Freddie /
FHA /
Life Insurance
Company /
CMBS /
Acquisition /
Refinance /
Const. / Perm. /
Bridge

1-40 years

Call for Information

Varies

Varies

Up to 90 %

Wells Fargo Community Lending and Investment
John Epstein

503.886.2587
Email

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

Const. up to 30 months; Perm. up to 30 years

Variable / Fixed

Varies

Varies

Up to 90%