Financing Designed for Business Reality
When you build a property yourself, you get the exact space you want and save yourself a ton of money while at it. Let us help you navigate through the process with ease.
Construction Loans
Smart owners don’t struggle with buying overly expensive buildings. Instead, they build theirs from the ground up. That way, they can save a lot of money and, at the same time, ensure they have exactly what they need. If your business needs unique structural needs like water reserves or extra ventilation, you should consider building it yourself. Don’t have enough money to do that? Our construction loans have you covered.
Construction loans are designed to disburse project funds in stages. You and your lender will break the project into milestones based on your building plans and consultation with your contractors. Then, as each milestone is completed, money is released.
One of the most significant benefits of construction loans is that you’re only responsible for the money that has been released. If plans change and construction stops, you won’t be required to repay the total amount. Also, you’ll only be required to pay interest on the loan taken while construction is ongoing.
Land Acquisition & Development Loans
Before you get started on construction, you need to sort out the construction site. After all, you need a piece of land to build on. Land acquisition loans can help you buy the land you need to kickstart your construction project. Whether you opt for a street corner in an urban neighborhood or an acre of land in a rural location, our network of lenders can assist you with acquisition and development funds.
After getting raw land, you need to work on converting it into a prime piece of real estate. Even the most promising of land requires a substantial investment of time and money. But with the help of a development loan, you can put every required preparation in place to develop your land. With one loan, you can do as little as removing debris to as much as the connection of roads. Many developers rely on acquisition and development loans to get their projects underway. Even the ones that have the cash liquidity opt for financing to manage risks and preserve cash flow.
Not all land acquisition and development loans are created equal. Choosing the right one can help you achieve a successful project without unexpected obstacles and expenses. If you work with us, you can rest assured that you will be provided with the best loan for your project.
Term to Perm Loans
Real estate investors and developers turn to land acquisition, development, and construction loans to help facilitate their building projects. These loans are usually short-term loans that require full repayment of the premium at the end of the term. But if you haven’t started getting returns on the new property, you might not be able to afford to pay the entire premium at once.
Term to perm loans help investors achieve their real estate investment goals without the burden of compulsory full repayment at project completion. Once construction is finalized, you can refinance the temporary loan into permanent financing of often 15-24 and sometimes up to 30 years. This permanent loan will come with a lower interest rate and manageable monthly payments.
A term to perm loan helps you make payments ten to 30 years. With it, the cash flow of your property can be adequately preserved, and you can make good return on your investment. If you need more details on how a term to perm loan can benefit your business, contact our office today.
Alternatives. If construction loans isn’t what you’re looking for, try:
Working Capital
To Qualify
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Fill out our contact form and tell us about yourself and your business plans. It’s straightforward so we can help you move forward quickly.
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Work with one of our professional brokers and explore the financial options that fit your needs and goals.
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Once you choose a financial option, we will kickstart the loan application. We’ll help you navigate the process so that it’s easy for you.