Construction Loans

Foundations for Growth

Construction Loans Lenders in Our Network

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Buying real estate property isn’t always the best move, especially in high-cost markets. Instead of buying, it can be cheaper to build the property you want instead. Building it yourself allows you to customize every aspect of your space from the foundation to the rooftops. But you don’t need to start from scratch – construction loans also help businesses expand, remodel, and renovate. 

Construction Loans

Overview

Buying real estate property isn’t always the best move, especially in high-cost markets. Instead of buying, it can be cheaper to build the property you want instead. Building it yourself allows you to customize every aspect of your space from the foundation to the rooftops. But you don’t need to start from scratch – construction loans also help businesses expand, remodel, and renovate. 

Custom Solutions for Every Project

Comprehensive Construction Financing

Whether you’re building a new commercial property or expanding an existing one, our construction loans are designed to match your project’s unique needs. With flexible terms and expert advice, we help you lay the financial groundwork to turn architectural blueprints into reality.

Land Acquisition and Development

Every construction project starts with land to build on. Land A&D loans help you buy and develop land to prepare for construction. Install utility infrastructure, construct streets, remove debris, and grad land with one easy loan. Then, you’ll be prepared to move on to the next phase of your project. 

SBA Loans 

SBA 7a and 504 loans provide construction funding for businesses with under $5M in net annual revenue. Fixed and variable-rate loans are available, both with low minimum down payments. You can get $5.5M or more to start your next commercial construction project and you don’t need a high credit score to qualify. 

Traditional 

Banks and credit unions can offer good deals on construction loans, especially if you’ve banked with them before. While they often have rigorous application procedures and may take a while to be approved, you get the benefit of having an experienced lender on your side. These loans can be highly competitive, so make sure to speak with a broker about how to apply. 

Term to Perm 

This type of financing starts as a short-term construction loan before converting into a commercial mortgage. Since construction loans require a balloon payment of the principal at the end of the loan’s term, they’re not always easy to prepare for. This loan covers the cost of the principal and effectively extends the repayment term. 

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Ready to Grow Your Business?

Don’t let financial constraints slow you down. Start your application now to secure the financing you need to expand, innovate, and excel. Our simple, streamlined process ensures you get the support you need, quickly and efficiently.

Our PROCESS

We smooth the way to capital with our simple, three-step process:

Loan Highlights

– More cost-effective in expensive markets. 

– Tiered financing. 

– Only interest is charged during construction. 

– Can be transitioned into a commercial mortgage. 

Benefits

– The loan principal isn’t due until the end of the project. 

– If the project stalls, you don’t pay for the full loan. 

– Lenders have construction experience. 

– Loans can cover inspections, permits, and closing costs. 

Challenges

– Borrowers need a well-developed construction plan. 

– Contractors and suppliers must be vetted and approved. 

– Lenders often require personal tax records. 

– Owner-builders may have a harder time qualifying for loans. 

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