Construction Financing
Ground-up construction debt and completion financing, structured around the project budget, draw schedule, and the path to certificate of occupancy.
- Loan Size: $5M–$500M+
- LTC: Up to 75%
- Term: 18–48 Months
- Execution: Ground-Up & Completion
Construction financing succeeds or fails on structure: the loan must match the budget, the draw schedule, the contingency, and the realistic timeline to completion and stabilization. FOCAL arranges construction debt from $5 million to over $500 million at leverage up to 75% of cost, on terms from 18 to 48 months, for both ground-up projects and mid-construction completions.
The firm underwrites the project the way a lender will: sources and uses, capital expenditure budgets funded up to 100%, interest reserves sized to carry through lease-up, and extension options that keep a business plan from being squeezed by an aggressive maturity. Where a project is already underway, FOCAL arranges completion and take-out structures that retire existing construction debt and mezzanine positions in one facility.
FOCAL arranges construction financing nationwide from Beverly Hills, California, with recent closings spanning 62-unit ground-up multifamily, single-family construction in new communities, and mid-construction retail.
Construction Financing: Common Questions
What size construction loans does FOCAL arrange?
Construction financing from $5 million to over $500 million, at leverage up to 75% of cost, on terms from 18 to 48 months, for ground-up projects and mid-construction completions nationwide.
Can construction financing cover the full capex budget?
Yes. FOCAL has closed facilities funding 100% of the capital expenditure budget, with interest reserves sized to carry the project through lease-up and extension options that keep the business plan from being squeezed by an aggressive maturity.
What if my project is already under construction?
FOCAL arranges completion and take-out structures for projects mid-build: financing that retires existing construction debt and mezzanine positions in one facility, funds the remaining costs to finish, and carries the property through completion and stabilization.
Related closed transactions: $18.7M Construction Take Out Bridge Loan in Los Angeles, CA · $3.64M Acquisition Construction Loan in Los Angeles, CA · $3.6M Mid-Construction Bridge Loan in Los Angeles, CA
Related insights: Bridge Loans vs. Construction Loans for Developers · SoCal CRE Construction Loan Draws: Sponsor Workflow · GMP vs Cost-Plus: Lender-Ready Sponsor Checklist
Capital Markets & Debt Advisory · Closed Transactions