Construction Loans
Commercial Construction Loans
These loans are available for new construction or major renovations. Loan amounts are flexible and decisions are generally based on the quality of the collateral.
Loans are available on most commercial properties, including:
- Apartment buildings
- Self-storage facilities
- Retail office buildings
- Mixed use properties
- Warehouses
- Special purpose properties
- Hotels
- Motels
- Restaurants
Residential Construction Loans
Most residential construction loans are usually one-time close loans. This means that the loan has a construction period, then turns into a permanent loan, eliminating the need to refinance at completion. Loan amounts are generally up to $3,000,000 and $1,500,000 for lot loans.
Residential Construction loans are available for:
- Lot loans
- New Construction
- Major Remodeling
- Rehabilitation
Residential construction loans are only available for single family homes.
