Commercial Construction
Ground-up and phased commercial development financed with secured, draw-based facilities sized to the budget and the business plan.
HJ Bennett underwrites and structures real estate development and construction loans, places each facility with institutional capital providers, and administers the credit from the first draw through completion and repayment.
Ground-up and phased commercial development financed with secured, draw-based facilities sized to the budget and the business plan.
Construction capital for multifamily projects with a defined path to sale, refinance or stabilized cash flow.
Sponsor-backed luxury residential and resort development, including horizontal and vertical construction on revolving facilities.
Every construction loan request is screened against eight criteria before it reaches a funder.
Comparable projects completed, actual versus projected results, timing, cost overruns, realized exits and overall execution history.
Meaningful sponsor cash beneath the debt, clear sources and uses, contingency and appropriate reserves.
First-priority mortgage or lien, project rights, controlled accounts, and equity pledges and guarantees where appropriate.
Land basis, hard and soft costs, loan-to-cost and loan-to-value, projected value, interest reserve and margin of safety.
Unit sales, refinance, takeout financing, stabilized cash flow, or another clearly defined and credible exit.
Title, zoning, permits, construction plan, contractor quality, schedule, site constraints and buildability.
Liquidity and net worth with the capacity to absorb overruns and support the project through completion.
Meaningful sponsor exposure, reporting, draw controls, completion support and negotiated covenants.
Ground-up, phased and vertical development in commercial, multifamily and luxury residential and resort real estate, structured as secured, project-specific facilities.
Our primary market is the United States. We also consider projects in Brazil, Canada and the European Union.
Multi-year, with the term matched to the project lifecycle: from land and horizontal work through vertical construction, sales or stabilization, and repayment.
Typically a first-priority mortgage or lien, an assignment of project rights, controlled accounts, and equity pledges and guarantees where appropriate.
The sponsor’s track record on comparable projects, sources and uses with the equity already committed, the budget, permits and construction plan, the collateral package, and a clear repayment plan. Pre-qualifying takes a few minutes; you can also submit a project with documents attached.
Tell us about the sponsor, the project and the capital you need. Pre-qualification takes a few minutes, or submit the project with your documents for a full review.
Indicative only. Final structure is subject to diligence and funder approval. This is not a commitment to lend.