Ground-up financing for income-producing residential assets, primarily focused on multifamily apartments.
Typical Loan Structure
Max LTV
70% (with no trending of rents).
Loan Amount
Typically up to $50M, with higher amounts considered on a case-by-case basis
Recourse
Full Recourse or Non-Recourse based on risk profile.
Why Choose Us
Asset Class Versatility: Whether you are pivoting to a 50-unit BFR (Build-for-Rent) project or a high-density urban multifamily asset, our underwriting adapts to the specific economics of the property.
Forward-Looking Underwriting: We focus on the stabilized value and your track record as a builder, offering more flexibility on pre-leasing requirements than traditional commercial lenders.
Transition Ready: We structure our construction loans with the "exit" in mind, ensuring the project meets the metrics required for the permanent agency or CMBS market.
Core Markets
Washington
Idaho
Oregon
Utah
Arizona
Secondary Markets
Markets in the Continental United States considered on a case-by-case basis.
Who We Lend to
Tier I Builders: Large, scaled regional production builders or regional divisions of national builders typically managing 100+ units per year across multi-phase subdivisions.
Tier II Builders: Strong local builders completing multiple infill or small subdivision projects per year, typically with 10+ vertical starts annually.
Sponsorship: Developers with 5+ years of relevant experience and established track records.
Who Don't Lend to
Consumer/Retail Borrowers: We only lend to entities (LLCs, Corporations, etc.) for commercial business purposes.
Sole Proprietorships: Non-entity borrowers are generally outside our lending scope.
“Cedarline made the financing process seamless. Their team truly understands what builders need to stay on schedule."
– [Customer Name], Developer
Ready to Build Your Next Project?
Our team is here to help. Contact Cedarline Lending today to discuss your financing needs and take the next step toward success
