New Construction
Ground Up Commercial & Residential Financing
Onyx Funding provides builders and sponsors with customized financing programs across the entire capital stack. We fund ground-up construction, land acquisition and development, and tear down projects across the nation.
Whether you are building to sell or building to rent, we have the right solution for you. Onyx Funding has successfully negotiated favorable debt and equity finance for our clients nationwide.
Contact us today to find out how our ground up construction financing can work for you.
Our Loan Parameters
Type | Residential 1-4 | Commercial |
|---|---|---|
Loan Amount | $250,000 Minimum Loan Amount | $1 Million Minimum Loan Amount |
Primary Focus | SFR, 2-4 units, Townhomes, spec homes, subdivisions, land infill, land acquisition | Multifamily, Condos, Land development, Mixed-use, Agriculture, Healthcare Facilities, Senior and student Housing, Industrial, Storage, Office Buildings, Pref. Equity, Mezzanine, Recapitalization. |
Loan Term | 12-18 months with extension options | 1-5 years with extension options |
Maximum LTV/LTC | Up to 90% of total cost | Typically 80% of total cost (Up to 90% LTC with embedded pref. equity/mezz) |
Recourse | Non-recourse on a case-by-case basis | Non-recourse |
Amortization | Generally interest-only | Generally interest-only |
Interest | Starting at 6.49% | Starting at 4.25% (as low as 2.8% in certain cases) |
FICO | 600+ | 650+ |
Customized Lending
Onyx Funding is a full service commercial real estate firm that provides creative finance solutions.
We specialize in debt and equity funding for commercial real estate properties nationwide with a focus on building long lasting relationships and providing white glove service.
We provide sponsors with capital through our various capital sources.
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