Carlton can provide up to 75% ground up, non-recourse construction financing for condominium, hotel, multi-family and retail development transactions.
Depending on the project’s specifics the interest rate will be 6-7%, which we can adjust with either higher or lower leverage depending on your objectives. We also have certain lenders who will provide 60% to 65% LTC financing at a cost under LIBOR 400.
We specialize in large transactions and can provide the foregoing construction financing for ground up, conversion and renovation projects. We have completed well over $2 billion of construction and renovation financing just in the last 12 months.