Build Your Vision
Construction Loans — Ground-Up & Renovation Financing $500K to $50M
Draw-basis construction financing for commercial development, renovations, and ground-up projects. 12-36 month terms with construction-to-permanent options available.
What Is a Commercial Construction Loan?
A commercial construction loan funds the building or major renovation of income-producing property — office, retail, industrial, warehouse, multi-family, and mixed-use projects. Rather than releasing the full amount at closing, the lender funds on a draw basis, advancing money in stages as a third-party inspector verifies each construction milestone. That structure protects both sides and means you pay interest only on the funds drawn, not the entire loan from day one. Lenders weigh your plans and permits, project budget, equity contribution, and experience, with ground-up builds typically facing more scrutiny than renovations.
When the project is complete, a construction-to-permanent loan can convert to a long-term mortgage in a single closing, or you can refinance separately into permanent financing. To plan your exit, compare conventional commercial loans or broader commercial real estate financing, and use bridge financing if you need a short-term takeout before stabilizing.
$500K - $50M
Project financing
12-36 Months
Construction period
Draw Basis
Pay as you build
Construction Loan Process
Our streamlined process takes you from project planning through construction completion with expert support at every stage.
1
Pre-Approval
Get qualified and determine loan amount
2
Plans & Permits
Submit construction plans and obtain permits
3
Loan Closing
Final approval and fund setup
4
Construction Draws
Receive funds as construction progresses
5
Permanent Financing
Convert to permanent loan upon completion
Project Types We Finance
Office Buildings
Retail Centers
Industrial Facilities
Warehouse & Distribution
Multi-Family Housing
Mixed-Use Developments
Renovation Projects
From Vision to Reality
Our construction loan experts have helped developers and business owners complete projects worth over $500 million in commercial real estate.
Expert construction lending guidance
Flexible draw schedules
Competitive rates and terms
Seamless transition to permanent financing
Explore Related Financing Options
Compare financing options to find the best fit for your business needs
$500K–$25M
Bridge Loans
Fast short-term financing for time-sensitive acquisitions and property transitions.
Learn moreUp to $5.5M
SBA 504 Loans
Long-term, fixed-rate financing for commercial real estate and heavy equipment purchases.
Learn more$500K–$50M+
Commercial Real Estate Loans
Financing for office buildings, retail centers, industrial properties, and mixed-use developments.
Learn more$500K–$25M
Conventional Commercial Loans
Standard bank financing for stabilized commercial properties with proven cash flow.
Learn moreFAQ
Frequently Asked Questions
Construction loans use a draw-basis system where funds are released in stages as construction milestones are completed. A third-party inspector verifies work completion before each draw is approved. This protects both the lender and borrower by ensuring funds are used as intended.
A construction-to-permanent (C2P) loan combines construction financing and permanent mortgage into a single loan with one closing. Once construction is complete, the loan automatically converts to a permanent mortgage, saving you from paying double closing costs.
Commercial construction loans typically require 10-30% down payment, depending on the project type, borrower experience, and property location. Ground-up construction may require higher equity than renovation projects.
Construction loan terms typically range from 12 to 36 months, depending on the project scope and complexity. Extensions may be available if construction timelines extend beyond the original estimate.
Lenders weigh your construction plans and permits, project budget, borrower experience, and equity contribution, which typically runs 10-30% down. A clear scope, qualified general contractor, and a realistic completion timeline strengthen your application. Ground-up projects generally face more scrutiny than renovations because there is no existing structure to value.
Our construction financing covers office buildings, retail centers, industrial facilities, warehouse and distribution space, multi-family housing, mixed-use developments, and renovation projects. Loan amounts run from $500K to $50M, so the program fits everything from a single-tenant build to a large ground-up commercial development.
Construction loans range from $500K to $50M, with the amount sized to your project budget, the property's projected value, your equity, and your experience. Because funds release on a draw basis as milestones are verified, you only pay interest on the portion drawn rather than the full loan from day one.
A standalone construction loan covers the build, then you refinance into permanent financing separately. A construction-to-permanent loan combines both into one closing and automatically converts to a mortgage when the project is complete, saving a second set of closing costs. C2P is often the simpler path if you plan to hold the property long term.
Still have questions? Our loan experts are here to help.