Your bank is at 57% of cost. The gap is the equity you're out raising.
More loan, less equity.
01 The gap
Banks are writing ground-up construction at 55 to 65% of cost, with full recourse, for sponsors with three comparable completions. Debt funds go to 70 to 75%, non-recourse, and price the risk instead of declining it. On a $50m project that is $6m to $9m less equity to raise. We take your project to the lenders who go there.
02 Three things
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One thing.
Senior construction debt in Texas. Not equity, not advice, not securities.
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In the market.
The terms on this site come from public sources and are updated monthly. Check them.
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Paid at closing.
No retainer. If the loan does not fund, you owe nothing.
03 Current terms
| Index | Value | Source |
|---|---|---|
| 10-year Treasury | 4.96% | US Treasury, 11 Sep 2026 |
| 5-year Treasury | 4.78% | US Treasury, 11 Sep 2026 |
| SOFR | 3.62% | Federal Reserve Bank of New York, 11 Sep 2026 |
| Prime | 6.75% | Federal Reserve, Sep 2026 |
| Bank construction, recent closings | 60 to 80% of cost, 6.25 to 6.75% | Announced closings, Jan to Jul 2026 |
| Debt fund construction, recent closings | 70 to 88% of cost, non-recourse | Announced closings, May to Jul 2026 |
Updated 2026-09-11 ยท All current terms and sources
04 Principal
Joseph Eun
Capital markets in Australia, deals to A$1bn. Based in Sydney, working with developers in Texas.
joe@lavitessecapital.com