Construction funding

Before you break ground, make sure you have the right type of financing in place.

Our construction funding will help you manage costs and brave the unexpected.

When you want new property, but real estate prices in your area are through the roof, it’s time to build instead. There’s no better way to make sure every inch is exactly the way you want it. Finding the right contractors is only one part of the construction picture. You also need the right financing.

Our brokerage helps businesses buy and develop land, get started building, and transition their financing after construction is complete. Use our expertise to find the best land acquisition, development, and construction loans for your next building project. When you’re ready to cut the ribbon, we’ll help you transition to long-term funding.

Construction loans

Have you ever taken out a loan and realized you didn’t borrow enough? How about borrowing too much only to incur a fee when you tried to pay it back early? When you’re working on a construction project a lot can happen. That’s why construction loans are designed to finance your project at the right pace.

Work with our expert lenders to decide how much you’ll need and when. Don’t get stuck paying off the full loan amount if your project hits a roadblock. Construction loans pay by milestone, so you only pay back for the work you’ve completed. Let us answer your construction loan questions. Speak with an expert broker today.

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Land acquisition & development loans

Before you start digging for a new construction project, you need land to develop on. But getting what you want where you want it can be costly. That’s where land acquisition loans come in. Take the cost from one large payment and cut it into manageable portions. Then you can focus on where to break ground.

Our lenders can help you prepare the land once you have it. Put in utility infrastructure, remove vegetation, and level the area before you begin to build. Make land prep easier with financing that fits your project. Big or small, urban or rural, our brokerage team is ready to connect you with the funding you need.

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Term to perm

Development and construction loans can see you through the building process, but what do you do when the project is complete? Most construction loans have you pay interest until construction is complete. Then, the principal is due in one final payment. But, it’s not always easy to come up with a large principal payment.

We help businesses manage the cost of construction by transitioning that final payment into a long-term financing option. Instead of being due in a few months or a few years, you can pay over a 20 to 30-year period. Talk to us about how term to perm financing can help your small business today.

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Milestones help you keep the project on track.

Pay interest only until the project is complete.

Avoid high real estate costs by building it yourself.

Transition to long-term funding when the loan matures.

Q. What happens if I have to stop construction?

Since funding for construction loans is based on milestones, you don’t receive the full loan amount all at once. If you have to shut down construction, you only repay the funded milestones, not the full loan.

Q. Will I need to make principal payments before construction is finished?

Depending on the lender, you won’t have to pay the principal on your construction loan until you’ve finished building. Payments you submit during construction will cover only the interest on the loan.

Q. What do I need to qualify for a construction loan?

Before applying for a construction loan, you’ll need to put together information for your lender. You need a detailed construction plan, reputable contractors, a down payment, financial statements, and an estimate of the income your property will generate. We can help you put together a successful application. Contact us for details.

Q. Can I get construction financing through the SBA?

Yes, both the SBA 7(a) and SBA 504 loans offer assistance to small businesses looking to build. You can get $5M or more in funding if your business qualifies. Find out more about SBA financing by contacting our office.

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