Construction financing
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[{"id": "fv5w01h", "text": "Who the hell is financing 80% on any construction?", "replies": [{"id": "fv5yj5o", "text": "It is happening. Have seen term sheets", "replies": [], "depth": 2}], "depth": 1}, {"id": "fv5wrhm", "text": "Yeah I don\u2019t know who would finance 80% of a project that big. Typically you turn to private equity at that point and what you do end up financing is 50% or less LTC (is any at all)", "replies": [{"id": "fv5yjwm", "text": "I do", "replies": [{"id": "fv5yr7m", "text": "So then why don\u2019t you get a rate from them?", "replies": [{"id": "fv60hau", "text": "Working on it . Thought I\u2019d see what this fiiiine community\u2019s opinion is .", "replies": [{"id": "fv61aqw", "text": "What the dollar amount and I could probably give a guess", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "fv7g3hn", "text": "65% LTC in REPE is pretty much the norm. Gotta juice the returns bruh.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fv60pq8", "text": "As a banker (national financial institution), we aren\u2019t seeing a lot of construction loans getting approved due to appraisal values being largely qualified from COVID impacts. Given this, we have not seen anything above 60-65% LTC from clients or RFPs, so doubtful it would be anything other than a debt fund or small community bank offering 80% leverage. \n\nIf you are looking for traditional bank financing, the prices we\u2019ve seen (at 65% LTC) are in the L+300-350bps range in primary markets. You\u2019d probably have a bit of an upswing 30-50bps if located in a secondary/tertiary market.", "replies": [{"id": "fv66ky1", "text": "Yea not a bank. Thanks for the input", "replies": [], "depth": 2}], "depth": 1}]