As a business owner, constructing a place of business from the ground up allows desired business traffic and production. You can also design your building to include rental units for additional income, future additions for expansion, and redevelopment for future opportunities.
Traditional banks’ requirements for commercial construction loans can often limit your project from what you need to what the lender wants. They can do this by requiring a project budget that reduces the costs and quality of construction. They can also require that you hold capital reserves for contingency requirements limiting your operating capital during the project phase. Traditional banks may restrict access to your project funds through draw requirements, causing project delays. You may be discouraged from looking for a construction loan proposal outside of your bank because you may think you need an established relationship with another construction lender. Let us put our relationships to work to find you the best option.
We shop many different construction lenders, allowing you access to loan programs that include:
In addition to comparing rates and fees from different lenders, we also compare the impact on your overall project costs and timeframe based on different lenders’ requirements, so you know the real cost of each rate.
Requirements are more flexible though our lenders than those of traditional banks, allowing the loan amount to be tailored to meet the project design your business needs for success.
Lot purchase and soft costs – can be included as part of your construction loan so you can finance the land, plans, and permits through one loan.
Build in the location you need to optimize your business. Our lenders offer construction loans in many areas, not just top-tier markets.
access to short-term project options and a single transaction loan term loan helping you find the best overall long-term plan.
As a commercial property investor, building investment retail, office, mixed-use, light industrial, and multifamily properties is a great way to expand your portfolio. You can use construction loans to improve your existing property or the property you plan to acquire. Adding a construction component to your investments will allow you to increase revenue through improvements, design the investment that best fits your goals and equity partners' goals, and uniquely expand your portfolio by developing to meet new trends or build to your vision.
It can be challenging to compare different lenders' rates and fees relative to the loan amount you need to complete your project. This is because different construction lenders' loan structures include different requirements and processes for project review, draw schedule, draw style, lot acquisition, and payment during the project phase. Traditional banks may not allow you to pursue or finance other projects and acquisitions during the project phase. They may also not permit crossing additional collateral, limiting your ability to borrow against multiple properties for the same project. The amount of capital you must hold in reserves for contingencies can limit your portfolio operations.
Traditional bank contractor requirements can limit the amount of project funding, project scope, and timeline for completion. Accessing funds for each phase, including phase inspections or partial funding, is another expected time and cost factor. Including the purchase of a lot in your construction loan, along with funding plans and permits, are other additional factors that impact the bottom line of your project.
We shop many different construction lenders, allowing you access to loan programs that include:
In addition to comparing rates and fees from different lenders, we also compare the impact on your overall project costs and timeframe based on different lenders’ requirements, so you know the real cost of each rate.
Requirements are more flexible though our lenders than those of traditional banks, allowing the loan amount to be tailored to meet the project design your business needs for success.
Lot purchase and soft costs – can be included as part of your construction loan so you can finance the land, plans, and permits through one loan.
Build in the location you need to optimize your business. Our lenders offer construction loans in many areas, not just top-tier markets.
access to short-term project options and a single transaction loan term loan helping you find the best overall long-term plan.