Asset Class
Condo Development & Construction Financing
Commercial financing advisory for condominium developers and sponsors: ground-up construction, project completion and remaining-unit inventory. This is project financing, not a mortgage for an individual homebuyer.
Loan Uses
Construction & completion
Completed Units
Inventory loan review
Borrowers
Developers & sponsors
Repayment Review
Unit sales & releases
Required Detail
Budget & sales plan
Coverage
Nationwide advisory
Condominium project financing differs from a rental apartment loan because repayment often depends on unit sales rather than recurring rental income. Lenders evaluate entitlements, construction progress, the development budget, sponsor equity, market demand and the pace and certainty of sales.
A ground-up condominium project may require construction financing with a draw schedule and completion requirements. Completed unsold units may be evaluated for inventory or bridge financing. Unit-release provisions, sales proceeds and the repayment schedule need to work together so the financing supports the actual sellout plan.
For a condominium property operated as rental housing, the ownership structure and collateral must be reviewed before comparing multifamily or other commercial lending options. RAD Capital Group helps sponsors evaluate these distinctions and approach suitable capital sources without promising program eligibility or loan terms.
Condo construction versus inventory financing
Construction lenders focus on permits, the contractor, costs to complete and completion risk. Inventory lenders focus on completed collateral, remaining units and achievable net sales proceeds. Existing debt, buyer contracts and unit-release prices affect both structures and should be assessed before requesting a refinance.
What to send for a condo project review
Provide the development budget, sources and uses, permit and entitlement status, construction schedule, contractor information, unit mix, sales or reservation schedule, existing debt and sponsor experience. Identify remaining costs and any liens or association obligations affecting the collateral.
Related Financing
Loan Product
Construction Loans
Ground-up and heavy-renovation construction loans for commercial real estate developers — interest-only during the build, flexible draw schedules, with take-out permanent or bridge financing teed up at completion.
Loan Product
Bridge Loans
Short-term commercial bridge financing for acquisitions, value-add repositioning, and time-sensitive recapitalizations — placed with 150+ direct bridge lenders nationwide.
Loan Product
Mezzanine Financing & Preferred Equity
Subordinate mezzanine debt and preferred equity to bridge the gap between senior loans and sponsor equity — increasing leverage to 85–90% on acquisitions, refinances, and development projects nationwide.
Asset Class
Multifamily Financing
Agency, bridge, CMBS, and construction loans for multifamily — conventional apartments, affordable housing, student housing, senior housing, and workforce housing in every U.S. market.
Ready to explore condominium development financing?
Nationwide borrower advisory. Terms subject to lender review.