Construction Loans

Real estate development is a complex, high-stakes venture that demands significant financial resources. Whether you're building office buildings, retail spaces, industrial properties, or multi-family residential complexes, securing the right financing is essential for the success of your project. We offer flexible and reliable financing solutions designed to meet the diverse needs of developers across various types of construction projects. Our range of construction loans provides tailored options that ensure developers can meet their funding requirements at every stage of construction, from initial land acquisition to project completion and beyond.

Why Choose Us for Construction Financing?

We stand out in the crowded financial marketplace because of our commitment to providing flexible, fast, and secure financing solutions. Our Team specializes in helping developers, builders, and property owners access the capital they need to turn their real estate visions into reality. Whether you're building commercial properties, residential complexes, or industrial developments, we offer a range of financing options to suit the unique challenges of each project.

Key benefits of working with Us include:

Tailored Financing Options: We understand that every development project is unique, and we offer a variety of financing solutions designed to accommodate the specific needs of our clients.

Nationwide Reach: We provide financing solutions across the country, allowing developers to access capital no matter where their projects are located.

Flexible Terms: We offer flexible repayment schedules and loan terms that align with the construction timelines, ensuring that developers are not burdened with unnecessary financial pressure during construction.

Reliable and Efficient Processing: Our streamlined loan approval and disbursement process ensures quick access to capital, so you can keep your project on track and avoid costly delays.

Types of Construction Financing Available

We provide a wide range of construction loan options, each tailored to meet the specific needs of developers at different stages of their projects. Below are the different types of construction loans we offer:

1. Land Development Loan: Financing for Property Development

A Land Development Loan is typically used for financing the preparation of raw land for future construction. This type of loan is especially useful for developers who are looking to purchase land for new subdivisions, commercial properties, or other real estate developments. It covers the costs associated with land improvements, such as clearing, grading, infrastructure installation (water, sewage, utilities), and zoning or environmental work.

2. Interim Construction Loan: Temporary Financing for Building Projects

An Interim Construction Loan is a unique type of financing that combines both short-term construction loans and long-term term loans. It is designed to cover the costs of construction during the building phase and then seamlessly convert into permanent financing upon project completion. Interim loans typically cover the costs of labor, materials, and other expenses associated with the construction of residential or commercial buildings.

3. Takeout Loan: Permanent Financing for Existing Temporary Loans

A Takeout Loan is a permanent financing solution for projects that have already received temporary or short-term financing, such as construction loans or interim loans. Developers who have completed their projects but still have outstanding short-term loans can use a Takeout Loan to pay off those temporary loans and secure long-term financing.

Takeout loans are typically used for completed commercial, industrial, or residential properties that are ready to generate income. The purpose of this loan is to replace the existing short-term financing with a more permanent solution that offers lower interest rates and more manageable repayment terms. We offer competitive Takeout Loans with favorable terms, enabling developers to stabilize their finances once construction is finished and their properties are ready for occupancy.

4. Acquisition and Development Loan (A&D): Financing for Raw Land Development

An Acquisition and Development (A&D) Loan is specifically designed for developers looking to acquire raw land and make necessary improvements to prepare the land for construction. These loans are ideal for properties that require infrastructure development, such as roads, utilities, drainage, and zoning work, to make them suitable for building. A&D loans are particularly useful for developers who are purchasing land that is not yet ready for development but needs significant preparation to unlock its potential.

5. Mini Perm Loan: Temporary Financing for Income-Generating Projects

A Mini Perm Loan is a short-term financing solution that is often used for income-producing properties after construction is completed. These loans are typically used to bridge the gap between the completion of construction and the securing of permanent, long-term financing. Developers who have finished building commercial properties or multi-family residential buildings but are waiting for stabilized income can rely on a Mini Perm Loan to settle any outstanding construction loans or property-related debts.

This type of loan is ideal for developers who have completed projects and are in the process of leasing or selling the property but need temporary financing to cover ongoing costs until they can refinance into permanent, long-term debt.

Construction Loans Overview

  • Loan Amount: $3,000,000.00 - $50,000,000.00

  • Interest Rate: Starting at 8.75%

  • Loan Term: 12 - 120 Months

  • Prepayment Penalty: None

  • Amortization: Interest Only

  • LTC: Up to 80%

  • Recourse: None

  • Closing Timeframe: 14 Days