Construction Lending
Not only do we offer traditional long-term financing, but we also provide a highly competitive construction lending program. Some of the key benefits of this program include:
- Automatic conversion of the construction line of credit into a long-term loan at the completion of construction. No additional fees or paperwork necessary.
- Interest-only payments during the construction period (up to one year).
- Advance only what you need during construction, thereby reducing interest costs. The whole loan does not need to be drawn at the beginning of the project.
- Simple internal monitoring makes our process easier. We provide tools to assist in monitoring and reporting progress during your project. Please see our Sources and Uses Form.
