Construction Loans
Construction loans fund a project as it's built, with money released in stages as work is completed. Lenders look closely at the budget, the timeline, and the experience of the development team.
Commonly used for
- Ground-up commercial or multifamily development
- Heavy renovation or change of use
- Additions and expansions to an existing property
Common property types
Terms
Rates, terms, and loan amounts are set by the lender and depend on the property, the borrower, and market conditions. Tell us about your deal and we’ll walk you through the options.