Construction to Permanent
Fallbrook’s construction to permanent loan programs are designed for 4% and 9% low income-housing tax credit developers seeking access to efficient and low cost construction and permanent financing.
90% - 95% LTV
1.15 DSCR
Interest Only Options
Efficient, 60-90 Day Closing Timeline
Low-cost Upfront and Closing Fees
Private Placement
Fannie and Freddie
Tax Credit Equity Bridge
Fallbrook’s Tax Credit Equity Bridge loan program is designed for developers with multi-family and commercial real estate projects that have been allocated state and/or federal tax credits. The bridge loan is structured to help provide developers with additional sources of funds for construction, using tax credits as collateral.
No Second Mortgage Required
Collateral Specific to the Tax Credits
Experienced Tax Credit Lender
Flexible Negotiating with 1st Mortgage Lenders
Quick 45 Day Closing
National Lending Footprint
No CRA or Geographic Constraints
Can Bridge Tax Credit Refunds
Low Upfront and Closing Costs
Balance Sheet Bridge to Agency, HUD or LIHTC
Fallbrook’s Balance Sheet Bridge Loan to Agency, HUD or LIHTC program is designed for affordable housing developers seeking to acquire cash flowing eligible properties with the intent of securing Agency, HUD or LIHTC for their long term financing. The program provides developers a quick execution in order to compete with other cash buyers.
One-stop Shop for Construction and Permanent Financing
Seamless Rollover to Agency, HUD or LIHTC
Refinance with No Prepayment Penalty
Boost Cash Flow with up to 36 Months of Interest Only
Low Upfront and Closing Costs