NATIONAL LENDER
Net Lease Construction Lending
At Firstrust, we have unmatched real estate and construction experience, local market knowledge, and a streamlined construction process.
Dedicated Relationship Manager
In-House Credit Decisions
Net Lease Construction Features
We approach each transaction individually, giving us the ability to price and structure deals within market parameters.
✓ Loan-to-Cost: 70% - 90%†
✓ Loan-to-Value: 65% - 80%†
✓ Loan Amount: $1.5 MM - $15 MM
✓ Pricing: 3.75% - 6% — all in rate
Additional Details
✓ Recourse: Completion & repayment
✓ Term: 1-2 years
✓ Index: Prime or SOFR
✓ Location: Nationwide
✓ Amortization: Interest Only
REAL ESTATE FINANCE
Net Lease Construction Lending team
Please do not share personal or confidential information over email.
A Model Built On Relationships
Firstrust’s 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.
Third Generation
Family-Owned Bank
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.
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† DISCLOSURES:
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.