All banksRotation position #3
Bank profile
Bayou Capital Bank
Newest relationship. Pricing is not competitive yet but they are hungry for volume.
Commitments
$2.10M
Outstanding
$940K
Deposits
$320K
Capacity Left
$2.56M
Avg Draw Funding
6.1 days
79% on time
Contacts
Relationship bankerVictor Reyes
UnderwriterHannah Liu
Construction loan contactVictor Reyes
Draw contactHannah Liu
vreyes@bayoucapital.com
(337) 555-0107
hliu@bayoucapital.com
Terms & Structure
Typical ratePrime + 1.00%
LTC80%
LTV72%
Equity requirement20% cash equity
RecourseFull recourse
Interest reserveNone
Typical closing time22 days
Typical draw turnaround6 days
Process Requirements
InspectionsInspection each draw
AppraisalAs-completed appraisal
Avg inspection time3 days
Financial covenants
- Min liquidity $250K
Reporting
Annual financialsAnnual tax returns
Underwriting Requirements
11 items · vault coverage
Company P&L
Company Balance Sheet
Personal Financial StatementExpiring Soon
Entity Documents
Builder License
Insurance CertificateExpiring Soon
Project Budget
Plans
Purchase Agreement
Construction Schedule
Sources & Uses
Active Loans
2 projects · 3 historical
Recent Communication
- Victor ReyesJun 12
Offered to match Gulf Coast pricing on next deal.