Construction loans are used to finance the construction of a new structure. Whether you’re interested in building a brand new home for you and your family or you’re looking to construct a commercial property we can help craft a terrific lending solution. Each loan is as unique as the property you’re looking to construct.
The best construction loan is one called “One-Time Close” construction loan. This is the best because there is only one set of closing costs. Guidelines may change, but today this loan is for owner-occupied, single-family homes.
Often homes are built as rentals for investment purposes including multi-family and apartments. These efforts require both a construction loan and then a ‘take out’ permanent loan. We can do both!!
We can provide access to larger deal sizes for commercial home builders, etc. Let us know what you are working on.
We look forward to your questions about construction loans. Please call us to find out more.