Cressida Capital arranges commercial construction loans from $2M to $40M, financing up to 80% of total project cost for ground-up development and major renovation across most commercial property types.
Developers and sponsors building ground-up projects or executing major renovations need a lender that understands entitlements, cost overruns, and future value \u2014 and that can balance recourse, pre-leasing, and leverage against the specifics of the asset class and submarket. Cressida Capital negotiates terms with lenders whose guidelines fit the project’s risk profile rather than forcing every deal into one bank’s box.
Loan-to-cost measures the loan amount against total project cost — land, hard costs, soft costs, and fees — rather than the finished value of the property. Construction loans through Cressida Capital typically go up to 80% LTC.
Requirements vary by lender and asset class. Some lenders require a minimum level of pre-leasing or pre-sales before closing, while others weigh sponsor experience and market fundamentals more heavily. Cressida Capital matches each deal to lenders whose guidelines fit the project.
Ground-up development and substantial renovation across multifamily, industrial, retail, office, hospitality, and mixed-use property types.
A construction loan funds in stages (draws) as work is completed and is used for ground-up development or major renovation. A bridge loan funds in a single disbursement and is typically used for acquisition or light repositioning of an already-standing property.