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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 NowWho 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.