WRF Specializes in Construction Financing.

𝐖𝐞𝐬𝐭𝐞𝐫𝐧 𝐑𝐞𝐚𝐥𝐭𝐲 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐬𝐩𝐞𝐜𝐢𝐚𝐥𝐢𝐳𝐞𝐬 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐧𝐠 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐟𝐨𝐫 𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐟𝐨𝐫-𝐬𝐚𝐥𝐞 𝐚𝐧𝐝 𝐟𝐨𝐫-𝐫𝐞𝐧𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬. 𝐈𝐧 𝟐𝟎𝟐𝟐 𝐰𝐞 𝐚𝐫𝐫𝐚𝐧𝐠𝐞𝐝 𝐨𝐯𝐞𝐫 $𝟑𝟎𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐭𝐨𝐭𝐚𝐥 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐥𝐨𝐚𝐧 𝐜𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭𝐬 𝐟𝐨𝐫 𝐡𝐨𝐦𝐞𝐛𝐮𝐢𝐥𝐝𝐞𝐫𝐬.

Below are the financing solutions we can provide to get the capital you need to complete construction and refinance your project into a bridge loan or permanent loan.

Construction – Our construction loan programs cover the range from low-cost agency loans in the 6-8% rate range for top tier borrowers who have 18-36 months before they need a perm loan. Our private investors debt funds can provide high loan to cost loans that reduce equity needs and can fund in 60 days if you are in mid construction and need to identify your exit strategy.

Bridge – Our Bridge loan programs can be the perfect solution to builders nearing the end of construction and needing another 12-18 months to lease up the building to the point of stability, so it qualifies for permanent construction. WRF knows the underwriting requirement for permanent lenders and how it effects your bridge financing. In some cases, builders may qualify for additional funds over the construction loan. We may be able to layer in PACE financing to increase the capital provided before the permanent loan is placed.

Permanent – Our Permanent loans cover a wide range of terms, rates, and underwriting guidelines. With a rent stabilized building, we can begin the loan process by finished units or the whole project depending on product type and collateral. Our permanent loan options may allow for PACE continuance, interest only “cash flow” options, and up to 35-year term, at low rates and fees, to minimize debt service. We can analyze your project under construction and advise which permanent loan seems to benefit you most.

To have us provide a free review and analysis of your finaning need contact David Van Waldick or James Carenza. Connect with us on LinkedIn to stay up to date daily on market trends in development and construction financing. Know what loans are being offered, at what rates, advance rates, and take out underwriting guidelines.

Let us get you a pricing indication here: https://lnkd.in/gBJEBeEa. Download the pdf and complete and return to Pricing@wrfco.com

Or visit our web site at: www.wrfco.com for up to date news, project funding, loan program paramenters and special deals.

#housing #constructionfinance #multifamily