SM Capital’s construction loans are tailored to meet your needs. However, some of the most common forms are explained below:

• Construction to Permanent Financing – This funding choice is preferable if you have clear-cut construction timelines and plans in place. SM Capital can provide you funds upfront while also paying your GC & subs as different sections of the property are completed. At closing, the cost of a loan can be transformed into a mortgage. Certain negotiated benchmarks will determine the quantity and schedule of funds released. Our borrower’s tend to thrive under this type of arrangement as it keeps them on schedule and gives them an extra set of eyes to make sure they’re going in the right direction.
  
• Construction to Condominium Sales – In this case, your loan payoff is tied to the sale of developed condos. There is no need to replace our construction loan as the balance will be paid down in conjunction with sales. Please note we also offer condo inventory loans.
• Renovation to Single Family / Apartment Sale – Similar to our condo sale platform, we also provide similar construction funding on high value single family home and apartments rehab projects.