Meridian has arranged more than $6 billion in construction financing through numerous market cycles for a broad array of property types across the United States.
Each construction loan is different, because no two development or redevelopment projects are the same. Meridian understands that, and our clients benefit from our experience in securing the most favorable rate and terms based on the individual merits of each project.
Our mortgage advisors and underwriting staff analyze the project’s stage of development, the expected construction period and potential pitfalls, and tailor financing solutions to meet the developer’s specific needs, time frame and business plan.
We arrange construction financing with an eye to the future and a specific plan for construction loan take-out financing. This approach limits borrower exposure and reduces cost by allowing for a reduction in guarantee obligations, a higher loan-to-value, a more favorable rate and a longer term.