Construction Financing
Fund Your Build From Ground-Up to Grand Opening
Construction financing structured for developers, investors, and owner-operators. Draw-based funding that matches your project timeline — from land acquisition through certificate of occupancy.
Project Types We Finance
Construction Financing Programs
Construction-to-Permanent Loans
Combines construction financing and permanent mortgage into one loan. Converts automatically upon project completion — one closing, one set of fees.
Stand-Alone Construction Loans
Short-term financing for the construction phase only. Funds are drawn as construction milestones are completed. Refinanced into permanent financing upon completion.
SBA 504 Construction Financing
Government-backed financing for owner-occupied commercial construction. Below-market fixed rates, long terms, and low down payments for qualifying businesses.
Bridge-to-Construction Loans
Short-term financing to acquire land or begin pre-development while permanent construction financing is arranged. Fast funding for time-sensitive opportunities.
Construction Financing FAQs
How does construction financing work?
Construction loans are typically short-term (12–24 months) and fund in draws as construction milestones are completed. An inspector verifies progress before each draw is released. Upon completion, the loan is either paid off or converted to permanent financing.
What do lenders look for in a construction loan application?
Lenders evaluate the borrower's experience, the project's feasibility, the contractor's track record, detailed construction plans and budget, the property's projected value upon completion, and the borrower's ability to service the debt.
How much can I borrow for construction financing?
Construction loan amounts are typically based on a percentage of the project's completed value (loan-to-cost or loan-to-value). Most programs lend 65–80% of the completed value. Project size, location, and borrower profile all factor in.
Do I need a general contractor to get construction financing?
Most lenders require a licensed general contractor with a verifiable track record. Owner-builder arrangements are possible in some cases but face more scrutiny. The contractor's experience and financial stability are part of the underwriting.
How long does construction financing take to close?
Construction loans typically take 30–60 days to close due to the additional underwriting involved — project review, contractor verification, and appraisal of the completed value. Bridge financing can close faster for time-sensitive situations.
Ready to Break Ground?
Apply today or call Gary Hughey to discuss your project and find the right construction financing structure.