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At Firstrust, we have unmatched real estate and construction experience, local market knowledge, and a streamlined construction process.
Our industry experience is unmatched, your Relationship Manager can structure a creative solution to meet your needs.
You will work with a dedicated Relationship Manager who knows you and wants to grow with your company.
Loan decisions are made by people who know your market and have a stake in the communities we serve.
We approach each transaction individually, giving us the ability to price and structure deals within market parameters.
ā Loan-to-Cost: 70% - 90%ā
ā Loan-to-Value: 65% - 80%ā
ā Loan Amount: $1.5 MM - $15 MM*
ā Pricing: 3.75% - 6% ā all in rate
ā Recourse: Completion & repayment
ā Term: 1-2 years
ā Index: Prime or SOFR
ā Location: Nationwide
ā Amortization: Interest Only
Firstrustās success in the real estate community is the result of our hard work and commitment to delivering creative solutions that support our client's visions. We make our lending decisions in-house, which empowers us to be flexible in meeting market demands.
Professional builders and developers come back to Firstrust time and time again because they know that we are responsive, accessible and always deliver on our promises.
Founded in 1934, Firstrust is a privately held bank with nearly $5 billion in assets. For 90 years the bank has remained stable and strong, providing commercial, business and retail services. Firstrust has 18 branches located in the Southeast Pennsylvania, Southern New Jersey, Delaware and Maryland markets, including several commercial banking locations.
ā DISCLOSURES:
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All credit, terms and conditions are based upon individual review and approval. Terms and conditions may vary and will be reviewed on a case-by-case basis. Construction inspections required with monthly monitoring payment applications.
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