 |
|
|
|
 |
 |
|
|
||||||||
| ||||||||
| ||||||||
|
||||||||
| ||||||||
 |
  Construction Loans First Financial Bancorp has a variety of construction loan products for the individual who wants to build their dream home. We also offer loans to experienced real estate developers who wish to build large housing tracts, multi-family apartment buildings, or large commercial projects. Some features of the loans funded include:
* Owner-occupied Single Family - For the person who wants to build their own home, up to 90% of the total project cost may be funded depending upon the loan amount. Stated income loans and loans that convert to a permanent loan are available. * Single Family Spec Development - Whether it is a small infill project or a large housing tract, First Financial Bancorp has the capability of getting it funded. Several recent loans were up to 90% of total project cost. * Multifamily Loans - First Financial Bancorp has placed numerous construction loans in this class. From a small 5-unit project to a large complex with hundreds of units, First Financial performs time and time again. Up to 90% to 100% Loan To Cost. * Commercial Loans - Mixed use, Shopping Centers, Office Buildings, Industrial, Motels/Hotels and Special Purpose are among the property types we can finance. Up to 90% to 100% Loan To Cost.
Mezzanine & Equity Financing How often have you seen a great deal but thought that you didn't have enough money to purchase and/or develop the property? Well, for the experienced real estate investor and/or developer, a variety of products are available to close the gap. First Financial Bancorp has access to funds for multifamily, commercial, and construction projects where leverage is required. Some of the products are as follows: * Mezzanine Financing - Typically structured as a 2nd Mortgage, or a loan to a LLC or other single asset entity. Rates typically range from 9.5% to 14% (subject to change). Mezzanine debt can provide up to 90% of the project cost. * Equity Financing - Can provide additional equity up to 100% of the project cost. All transactions are priced based upon the risk assessment of the fund used. Typically structured with a preferred rate of return, and a percent of the profits for the project. * 100% Debt Financing - For the truly incredible property, 100% debt financing may be considered. For example, if you're a developer who wants to build a shopping center and you have strong pre-leasing activity, then this loan may be the your solution to complete the development. *** Call us for more information regarding any type of real estate financing.  First Financial Bancorp - 12424 Wilshire Blvd. #630 - Los Angeles, CA 90025 Office Phone: (310) 571-3600 ext. #203 Fax: (310) 571-3610 Call or email us for information. © 2010 Myers Internet All Rights Reserved Powered by: Myers Internet | Admin Login |