CLD offers conventional construction loans for commercial real estate properties and SBA-504 companion mortgages for transactions that are approved via the Small Business Administration that require a construction phase. An interim construction loan is a type of short-term commercial construction loan. An interim construction loan is usually valid for 18 to 36 months.

After all, the construction lender wants the developer to have some skin in the game.

The Construction Lending team is committed to serving your needs by delivering flexible products and exceptional service. Pre-sold Construction Loans Speculative Construction Loans Guidance Line of Credit: Loan Amount: TBD up to $5,000,000 per contractor relationship: Collateral: Real Estate: Term: 6-12 months: LTV: Varies, up to 80% on pre-sold Varies, up to 75% on speculative: Draws: 48 hour turn times in most cases And if the developer needs even more leverage, a mezzanine loanis sometimes possible.

Modernly, however, apartment construction loans or commercial construction loans up to 90% of cost, or more, are possible. A commercial construction loan is a type of loan that is used to finance the costs associated with the construction or renovation of a commercial building. The funds from a construction loan can be used to pay for labor and materials for the construction of a new property, the purchase and development of land for a new commercial property, or the renovations of existing properties. Commercial Construction Loans Direct Commercial Funding in a leader in providing commercial construction and development loans. Commercial Construction Loans for Developers Banc of California currently offers Commercial Construction Loan programs for experienced Developers and Investors. Commercial construction loans offered nationwide.

Commercial Construction Loans (photo credit: PR) A commercial construction loan is a sum of money that is lent to a company that plans to … It is used to cover the cost of labor and materials needed for a commercial development project. We offer flexible financing terms for an array of commercial construction projects, including: