COMMERCIAL DEVELOPMENT & CONSTRUCTION LOANS

Commercial development and construction loans can be used to finance any and/or all of the costs associated with constructing or renovating a commercial building, from paying for the design process to paying for the labor costs associated with new construction. Other common uses of a commercial building loan is to pay for the purchase and development of the land, pay for the materials, and pay for renovations of an existing building. That being said, commercial construction loans can be difficult to obtain due to the inherent risks involved.

BENEFITS OF COMMERCIAL DEVELOPMENT & CONSTRUCTION LOANS

Our commercial development and construction loans feature:
  • Financing from $2 million to $50 million
  • Funding within 45 days
  • Terms up to 5 years
  • Amortizations up to 25 years
  • Low, fixed interest rates
  • Non-recourse financing
  • Construction to permanent financing options available
  • Equity stake depending on the type of project

PROPERTIES SERVED BY OUR CONSTRUCTION AND DEVELOPMENT LOANS

  • Retail
  • Office Space
  • Hospitality
  • Golf Courses
  • Resorts
  • Mining
  • Multifamily
     
 

NEW CONSTRUCTION LOANS

Ground-up development for single-family, multifamily and multi-unit projects

    • Project funding at the initial stage or mid-construction
    • Major renovations or brand new construction with holdbacks ≥ 50% of the loan amount ( we are good with >50%)
    • Loan amounts up to 90% LTC
    • 6 – 24-month terms