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Construction

You want commercial real estate in a prime location. The trouble is, so does everyone else. When there’s more demand for property than the market’s producing, CRE prices can skyrocket. That’s when it’s time to switch from buying to building. Big or small, a construction loan can help you handle everything from the ground up, and the right circumstance, it will save you money.
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What are
Construction Loans?

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Construction loans are how small businesses make building CRE more affordable.

One loan can cover the costs of surveys, inspections, and assessments before you dig. Then, move on to pouring the foundation, erecting beams, and adding insulation. By the time you’re ready to finish the roof, you’ll be glad you financed your project with our top lenders.

Unlike most loans, a construction loan doesn’t give you a lump sum for your project.

These loans are broken down into stages of construction and funding. Before you start, you’ll hammer out a financing plan with your lender that includes milestones. Finish the first milestone, and you’ll get funding for the next. The best part is, if you get stuck before you can finish building, you’re only required to pay back the milestones that were funded, not the entire loan amount.

During the construction phase, most loans only require you to pay the interest.

Once you’ve wrapped up, the principal portion is due. If you’re not ready to pay the full principal, other financing options let you transition into a long-term mortgage. Even if you haven’t had luck with lenders in the past, you might be eligible for a CRE loan through the Small Business Administration. No matter what your construction needs are, we have the loans to fit. Call us to find out more.

Start Fresh

If you’re starting your project from scratch, we can offer term, term-to-perm, SBA, and private loans to get you off the ground. Building it yourself is the only way to ensure every detail is exactly how you want it. When you’re done, you not only have a fresh new property, you also have an investment that will grow equity for years to come.
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Renovate

Construction loans don’t just cover new construction. They can also finance renovations to your existing property. Whether you need to add to your dining area to accommodate increased foot traffic or retrofit your leasing office to draw in renters, we’ve got the loan you need now. Breathe new life into your CRE by calling us today.
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Appreciate

Not everything gets better with time. If you’re waiting patiently for your property to increase in value, it’s time to get proactive. You can force appreciation of your CRE by adding amenities like swimming pools, workout rooms, and elevators. Get a flexible construction loan from our lender network and discover how much value you can add.
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What Are The
Advatanges

Pay only the interest while construction is ongoing.

Avoid high real estate prices.

Convert from short to long-term funding.

Only pay for funded milestones.

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F.A.Q.’s

Q. Can I get a construction loan with bad credit?
If you’ve been turned down for a CRE construction loan before, it can seem like the end of the road. But, the SBA offers 7(a) and 504 loans that cover construction costs when other lenders refuse. Find out how to apply for SBA funding by speaking with our knowledgeable brokers.
Q. What is a balloon payment?
Most construction lenders don’t charge payment on the principal of the loan until the end of the loan term. During construction, they only charge interest. A balloon payment is the amount of the principal due at the end of the term. If you aren’t prepared for a balloon payment, we can help you with a term-to-perm loan option.
Q. Can I get a construction loan to build it myself?
Yes, if you’re an experienced builder, you can get specialized financing for CRE you construct yourself. You’ll have to provide the lender with information about your business and examples of past projects you’ve completed. To find out more, contact our office today.
Q. When is a construction loan not a good idea?
For some smaller renovations or interior design upgrades, a construction loan may not be the best way to finance. You could go with a simpler loan like a term loan, hard money loan, or working capital line of credit. Let us know what size your project is and we’ll match it with the right loan.

We help you stay in capital.

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