$25M Bank Instrument Pilot Program Provides up to $15,000,000 in project financing
$50M Bank Instrument Pilot Program Provides up to $30,000,000 in project financing
$75M Bank Instrument Pilot Program Provides up to $45,000,000 in project financing
$100M Bank Instrument Provides up to $65,000,000 in project financing
$500M Bank Instrument Provides up to $325,000,000 in project financing
Note: If the borrower does not have the bank instrument fee Citywide can introduce the borrower to a bridge lender. Borrower must have fees for the bridge lenders processing, underwriting, legal work, escrow and administrative fees.
Citywide also has the ability to convert your construction loan into permanent financing once your project is completed.
***Please contact Citywide for specific information on procedures and costs related to these programs.
Citywide offers two options for financing projects using bank instruments:
If the borrower has the bank instrument fee and at least 10% cash in to their project and 25% of the funding amount in additional collateral Citywide will fund straight debt.
If the borrower does not have the bank instrument fee, does not have the 10% cash into their project and 25% of the funding amount in additional collateral then Citywide will do an equity partnership of 50% to 60% and no buyout clause.