Front Street Advisors LTD introduces a comprehensive solution for both horizontal and vertical construction through their innovative loan program, revolutionizing the way developers and builders finance their projects.

Key Features:

Custom Designed Loans: Tailored for acquisition, development, and construction, this program offers up to 24-month terms. It's an ideal fit for experienced developers and builders, consolidating AD&C financing into a streamlined process.

Horizontal and Vertical Integration: The program uniquely combines financing for both land development (horizontal) and building construction (vertical), with loan terms ranging from 18 to 24 months. This is especially effective for creating entire communities from the ground up.

Loan Specifications:

Front Street Advisors' New Home Builders Loan Program: A Game-Changer for Developers Front Street Advisors LTD introduces a comprehensive solution for both horizontal and vertical construction through their innovative loan program, revolutionizing the way developers and builders finance their projects.
Key Features:

1. Custom Designed Loans: Tailored for acquisition, development, and construction, this program offers up to 24-month terms. It's an ideal fit for experienced developers and builders, consolidating AD&C financing into a streamlined process.
2. Horizontal and Vertical Integration: The program uniquely combines financing for both land development (horizontal) and building construction (vertical), with loan terms ranging from 18 to 24 months. This is especially effective for creating entire communities from the ground up.
3. Loan Specifications:
   • Horizontal Property Type: Entitled land with zoning already in place.
   • Loan-to-Cost (LTC): Up to 85%.
   • Loan-to-Value (LTV): Post-lot development up to 55% for horizontal; up to 65% for vertical.
   • Maximum Loan Amounts: Diverse range catering to single-family homes, condos, 2-4 unit properties, and townhouses, with a minimum loan amount of $500,000 and a maximum of $20,000,000.
4. Versatility: The program supports the purchase or refinance of finished lots, ready for vertical construction. It's tailored for non-rural markets and allows financing of multiple properties per loan in the same jurisdiction.
5. Effective Date: The program has been effective since September 25, 2023, with a note that product guidelines may change.

Conclusion: Front Street Advisors' loan program is a significant step forward for the construction industry, offering unparalleled flexibility and financial support for developing vibrant communities. With this program, builders and developers have a powerful tool to bring their visions to life efficiently and effectively.