Financial Partners & Lender Information
Disciplined development, transparent communication, conservative underwriting
Our discipline
A Disciplined Approach to Capital
Building lasting partnerships with leading financial institutions
Since its founding in 2004, Sanprinon Properties has financed, developed, and managed Class A industrial product across New Jersey's primary logistics corridors, with a platform built to deliver facilities up to 1M+ square feet. Our disciplined budgeting keeps projects on plan, and this conservative approach to development and capital management has earned the trust and confidence of our banking partners.
Our vertically integrated model combines in-house construction management with deep regional market expertise, which gives lenders the risk mitigation and transparency that institutional lending demands. We view our financial partners as long-term relationships, not transactional counterparts, and we are committed to providing the reporting, communication, and performance that justify their continued confidence in our platform.
20+
Years in NJ Industrial
1M+
SF Class A Footprint
25-35%
Developer Equity
In-House
Construction Mgmt
Why partner with us
Why Lenders Choose Sanprinon Properties
The risk mitigation and transparency that institutional lending demands
Conservative Underwriting
- Rigorous pro forma analysis with conservative rent and absorption assumptions
- Detailed market comparables supporting every development budget
- Minimum 25% developer equity contribution on all projects
- Institutional-quality appraisals and third-party cost reviews
- Stress-tested financial models with multiple downside scenarios
Construction Risk Mitigation
- In-house general contracting and construction management
- Guaranteed maximum price (GMP) contracts on all major trades
- Weekly construction progress reporting with photo documentation
- Independent third-party construction monitoring and inspection
- A disciplined, in-house approach to on-time, on-budget delivery
Financial Transparency
- Monthly draw packages with detailed cost breakdowns and lien waivers
- Quarterly financial reporting with variance analysis
- Open-book accounting on all project costs
- Real-time construction budget tracking and forecasting
- Proactive communication on any material project developments
Market Knowledge & Tenant Relationships
- Deep expertise in Northern and Central NJ industrial submarkets
- Established relationships with leading national and regional brokerage teams
- A leasing approach focused on long-term, durable occupancy
- A relationship-driven model focused on tenant satisfaction and retention
By the numbers
Typical Capital Structure
Disciplined cost allocation and conservative financing approach
Development Cost Breakdown
Financing Approach
Senior Debt
65 - 75% LTC
Construction-to-permanent loan facility with institutional lenders. Interest reserve funded at closing with monthly draw schedules.
Developer Equity
25 - 35%
Significant developer equity invested in every project, so our interests sit alongside the lender's.
How we structure a deal
Representative Project Structure
An illustrative look at how we structure and finance a Class A development
Project Details
- Building Size520,000 SF
- Clear Height40 ft
- Dock Doors84
- LEED StatusTargeting Silver
- Lot Size42.5 Acres
Financing Structure
- Total Project CostVaries by Project
- Senior Debt65 - 75% LTC
- Developer Equity25 - 35%
- Interest ReserveFunded at Closing
- RecourseFull Recourse
Target Outcomes
- Construction Period16 - 20 Months
- DeliveryOn Schedule
- BudgetOn / Under Budget
- Lender ReportingWeekly Draws
- Stabilized YieldTarget ~7% YOC
What you can expect
Information for Prospective Lenders
Comprehensive documentation available upon request
Lender Information Package
The following documents are available for qualified lending institutions
- Company Overview & Development Experience
- Current Portfolio Summary
- Development Pipeline & Pro Forma Projections
- Project Approach & Underwriting Methodology
- Management Team Biographies & Qualifications
- Bank References & Existing Lending Relationships
- Insurance Certificates & Bonding Information
- Sample Monthly Draw Package
Start the conversation
Connect With Our Team
Interested in financing a Sanprinon Properties development? We welcome the conversation.
Explore Our Development Pipeline
Review our current portfolio, active development projects, and upcoming opportunities to understand the scope and quality of Sanprinon Properties' platform.