Commercial Construction Loans
Become a contributor to development in your region with access to quality construction and development funding.
Commercial Construction Loans
Commercial construction loans are a type of financing that allows developers to borrow funds to build or renovate commercial properties such as office buildings, shopping centers, and industrial warehouses.
As a borrower we facilitate an application process that includes submitting detailed construction plans and cost estimates for the project. The lender will then evaluate the borrower’s financial strength, creditworthiness, and the potential profitability of the project. If approved, the lender will disburse funds to the borrower in installments as construction milestones are reached.
Land development Financing
Land development financing is a type of funding that is used to finance the development of land for commercial or residential purposes. This type of financing typically involves the purchase of raw land, the cost of preparing the land for development (such as grading and utility installation), and the construction of any buildings or infrastructure necessary for the development.
Land development financing can be obtained from a variety of sources, including banks, private lenders, and government programs. That’s one reason to work with our team of experienced brokers. The terms and requirements for this type of financing can vary widely depending on the lender and the specific project being financed, and we can help you find the right rates and terms to support your business.
In general, lenders will require a detailed business plan, financial projections, and a thorough analysis of the potential market demand for the developed property. Most commonly land development financing secures the loan against fixed assets, such as the land and potentially other assets owned by the borrower.
If you’ve been making your debt payments on time, your credit score is likely higher than when you first borrowed. In most cases, that means you qualify for a lower interest rate than you did when you applied for the loan. Use the cash you save to reinvest in your business or pay down other debt. Let us show you how to consolidate your high interest loans into one easy low interest loan today.
Is full construction not the right option? Try these alternatives:
Start Here
Hard money redevelopment
Commercial Real Estate Financing
Redevelopment Financing
Redevelopment financing is a type of funding used to revitalize or redevelop underutilized or blighted areas. It typically involves the use of public funds, such as tax increment financing, grants, or loans, to attract private investment in the redevelopment project.
Tax increment financing, or TIF, is a common form of redevelopment financing that allows local governments to finance redevelopment projects by capturing a portion of the property tax revenue generated by the increased property values resulting from the redevelopment. The captured revenue is then used to finance the project or pay off any loans used to fund it.
Other forms of redevelopment financing include grants and loans from government agencies, such as the U.S. Department of Housing and Urban Development (HUD) or the U.S. Department of Agriculture (USDA), as well as private financing from banks, investors, and developers. The goal of redevelopment financing is to create economic growth, increase property values, and improve the quality of life in the affected area.
Lending Overview
For investors or business owners, commercial construction loans can provide the opportunity to purchase a property and customize it to fit their specific needs. This can help them create a unique space that aligns with their business goals and brand identity.
The Process Is Simple
Step 1:
Evaluate the cost of existing property, cost of construction, and the opportunity cost of the development project. By weighing your choices, often the right option becomes crystal clear.
Step 2:
Line up your contractors and develop your construction pan. Funds are distributed based on project milestones, making planning a critical component of project success. During construction, you’ll pay interest only, or interest plus low principal payments making capital disbursement and timing an important factor in your total cost of construction capital.
Step 3:
Evaluate all terms Many construction lenders require holdbacks in case projects go awry. Businesses must have a refinancing plan if they intend to roll construction financing into a permanent loan. Construction financing is due at project completion, requiring developers to have a ready buyer, long-term financing, or capital to pay off the project upon completion.