New Construction

About the Loan

Construction loans are short term financing for the development of new properties. Their term is 12 months or can be tailored to a construction timeline. They can include the purchase of land and the cost of construction and are for developers who act as their own builder or owners who hire a builder. They are for properties built to sell or hold by restructuring into longer term financing.

KEY FEATURES

PROPERTY TYPES

Single-family, multi-family (1-4 unit), mixed use, condos, townhouses, apartment and office buildings, sub-divisions, commercial, industrial, retail, storage, warehouse, medical, and specialty properties.

Single-family

multi-family (1-4 unit)

mixed use

condos

townhouses

mixed-use

specialty properties.

retail

medical

warehouse

storage

commercial

apartment

office buildings

medical, sub-divisions

industrial