Describe your image
Describe your image
Describe your image
Describe your image
Affordable Housing Solutions For Veterans, Section 8,Working Class & Middle Class Income
Real Estate Developers 1 offers customized project solutions for both rehab and new construction projects to suit every investment strategy. Our investment team offers both short-term, long-term funding and refinancing solutions for stabilized rental properties.
The Advantage
Our approach has always been about understanding our client’s investment goals and delivering a project solution that fits each unique real estate transaction. At Real Estate Developers 1, every project matters. Every question, every client and every scenario – no matter the size, large or small — your project is important to us.
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When you partner with us, you have access to our team of developers and investors with 30 plus years experience. Take advantage of our customized real estate project solutions.
Benefits
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Feasability Studies - 30 plus years
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Architect - 20 plus years
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General Contractor - 30 plus years
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Sub-contactor - 15 plus years
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Creative funding solutions -
Property Considerations
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8 unit, 12 unit, 24 unit, 50 unit and 100 units
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1 bedroom, 1.5 bath 1100 sq ft.
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2 bedroom, 2.5 bath 1500 sq ft.
Terms
5 - 30 years.
Amortization
Up to 35 years.
Interest Rate
Fixed- and variable-rate options available.
Maximum LTV
80% LTV
Minimum DSCR
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1.20x (fixed-rate)
Recourse
Non-recourse execution with standard carve-outs for “bad acts” such as fraud and bankruptcy.
Assumption
Loans are typically assumable, subject to review and approval of the new borrower’s financial capacity and experience.
Prepayment Penalty
Flexible prepayment options available, including yield maintenance and declining prepayment premium.
Escrows
Replacement reserve, tax, and insurance escrows are typically required.
Third Party Reports
Standard third-party reports required, including Appraisal, Phase I Environmental Site Assessment, and Property Condition Assessment.