Who places construction debt for a $30 million development?
Direct capital source programs set the terms and fund construction debt after a file fits their credit box.
Direct capital sources with 26 active programs place construction debt at $30 million and above. Among 18 programs stating maximum loan to value, the median is 77.5 percent; 10 state maximum loan to cost, with a median of 85 percent. Eight state typical rates, with a median range of 7.05 to 10.17 percent. Thirteen state decision timing, with a median of 15 days. PeerSense reads each development against source boxes that fit; the capital source sets terms and funds. The client pays a referral fee at closing under a signed agreement.
Who places this size of construction debt
Direct capital sources with active construction programs place debt at $30 million and above. PeerSense tracked 26 such programs on October 29, 2026. A capital source sets terms and funds the transaction. PeerSense tracks source credit boxes, reads each file against those boxes and presents it only to sources whose criteria fit. For this deal, those are the direct capital programs with stated capacity at the requested loan size. A fit between the development and a source's criteria guides placement at the outset.
Construction debt program figures tracked October 29, 2026
| Figure | Construction source data | Programs stating |
|---|---|---|
| Tracked construction programs at $30 million and above | 26 active programs | 26 |
| Median maximum loan to value | 77.5 percent | 18 |
| Median maximum loan to cost | 85 percent | 10 |
| Typical rates median range | 7.05 to 10.17 percent | 8 |
| Minimum debt service coverage ratio median | 1.15 | 3 |
| Recourse | 10 non recourse and 7 recourse | 10 and 7 |
| Median decision time | 15 days | 13 |
Leverage, rates and coverage
Among 18 programs stating maximum loan to value, the median is 77.5 percent. The highest stated maximum loan to value is 90 percent. Among 10 programs stating maximum loan to cost, the median is 85 percent. Eight programs state typical rates, with a median range of 7.05 to 10.17 percent. Three programs state minimum debt service coverage ratio, with a median of 1.15. Term SOFR was 3.90 percent on October 29, 2026. These stated terms describe different parts of a construction program's credit box.
Recourse and decision timing
Ten programs state non recourse structures, and seven state recourse structures. Thirteen programs state a decision timeline, with a median of 15 days. Across all 42 tracked construction programs regardless of size, the median maximum loan to cost is 85 percent, median rates are 7.55 to 11 percent, and median decision time is 14 days. The $30 million and above group has its own stated capacity and decision data, while the all size figures provide a wider market reference. A source sets the terms for its own program.
What decides a $30 million placement
A facility’s structure can determine whether a $30 million construction request is workable to place. A request that combines land, renovation and new construction can be harder to place than its size alone suggests. PeerSense compares each file with the requirements capital sources accept and presents it only to sources whose criteria fit. The capital source sets the terms and provides the funds. Under a signed agreement, the client pays PeerSense a referral fee at closing.
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Questions About This Topic
How many direct sources place $30 million construction debt?+
As of October 29, 2026, PeerSense tracked 26 active direct capital source programs that lend construction debt at $30 million and above. PeerSense reads each development against source credit boxes and presents the file only where criteria fit. The capital source sets terms and funds the transaction. The program count describes tracked capacity, while the fit depends on the source's stated criteria.
What leverage can these construction programs support?+
Among 18 programs stating maximum loan to value, the median is 77.5 percent. The highest stated maximum loan to value is 90 percent. Among 10 programs stating maximum loan to cost, the median is 85 percent. Each capital source sets its own leverage terms for the development. Across all construction programs, the median maximum loan to cost is also 85 percent.
What rates and timing are shown for this debt?+
Eight construction programs state typical rates, with a median range of 7.05 to 10.17 percent. Thirteen programs state a decision timeline, with a median of 15 days. Term SOFR was 3.90 percent on October 29, 2026. The selected capital source determines the final rate, structure and timing. Across all 42 construction programs, median decision time is 14 days.
How does PeerSense get paid for a placement?+
The client pays PeerSense a referral fee at closing under a signed agreement. Nothing is paid before closing. PeerSense tracks direct capital source boxes, reads each file against those boxes and presents the file only to sources whose stated criteria fit. The capital source sets terms and funds the transaction.
Editorial integrity: Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. PeerSense sources capital through a curated network of commercial lenders and capital sources. Content is for educational purposes and does not constitute financial, legal, or tax advice. Rates and terms cited reflect market conditions at the published date and may not match current quotes. Consult a qualified professional for transaction specific guidance.