Portfolio Lending

intervest offers financing solutions for commercial real estate and multifamily properties throughout the western United States. We fund construction, bridge and permanent loans for our own portfolio, and we offer mortgage banking services on permanent loans placed with life insurance company lenders and other institutional funding sources.


Construction Loans

intervest offers very competitive construction loans on most income producing property types, including apartments, office, retail, industrial and others. Loan sizes vary from $1 million to $40 million or more. Typical loans are for ground-up construction, short-term bridge financing, and major remodel/repositioning of commercial real estate properties. Loan terms are generally up to 30 months with extension options available. We also provide standby permanent funding on all of our construction loans to help protect against interest rate or market risk.

Our team of loan officers has extensive experience in arranging construction loans and providing our customers with a very service-oriented approach throughout the loan approval process. This allows us to tailor each loan to fit our customers' needs.

intervest's seasoned closing staff makes the closing process smooth and efficient. In addition, our dedicated team of experienced construction administrators go the extra mile to ensure deadlines are met and draws are funded on time.


Documentation

The following information is typically needed by intervest to underwrite construction loans:

• Current financial statements for all guarantors
• Three years' tax returns
• Borrowing entity information
• Copy of construction contract
• Developer's cost breakdown
• Plans and specifications
• Pro forma income and expense statements
• Tenant leases / letters of intent to lease
• Phase I environmental report addressed to intervest