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Construction / Commercial Development Financing
Financing for ground-up construction or major renovation of a commercial property, typically funded in stages as the project progresses.
Funding to build from the ground up, released in stages as construction progresses.
Apply NowRead the full guide to Ground-Up Construction
Who it's for
Developers and investors building new, or undertaking work too substantial for a standard renovation loan.
How it works
- 1The lender reviews the plans, permits, budget and your builder.
- 2Land or acquisition costs are usually funded first.
- 3Construction money is drawn in stages, each released after an inspection confirms the work.
- 4On completion you either sell, or refinance onto a long-term loan.
What to watch out for
Draws arrive after work is done, not before, so you need working capital to keep trades paid between inspections. That gap surprises first-time developers more than anything else.
At a glance
- ●Funds disbursed in stages as construction progresses
- ●Based on project budget and plans
- ●Typically converts to permanent financing at completion
- ●For ground-up construction or major renovation
Common questions
How long do draws take?
It varies by lender — some inspect and release within a couple of days, others take a week or more. Ask about draw turnaround before you choose; it directly affects your build schedule.
Related programmes
View all- Multifamily FinancingFinancing for apartment buildings and multi-unit residential properties.
- Retail Property FinancingFinancing for shopping centers, strip malls, and standalone retail buildings.
- Office FinancingFinancing for office buildings, owner-occupied or leased to tenants.
- Industrial FinancingFinancing for manufacturing facilities, flex space, and industrial properties.
- Warehouse FinancingFinancing for warehouse and distribution facilities.
- Mixed-Use FinancingFinancing for properties combining residential, retail, or office space.