Steady cash flow is the blood line for any commercial construction project whether you are building an office building, retail center, industrial building, or any other type of income-producing property. We have a range of loans for construction of commercial property to fit your unique requirements. Our seasoned commercial lending officers have years of expertise in construction financing. Our team of commercial construction experts includes accountants, engineers, and other principals who make sure you achieve your desired goals.
A construction loan is a loan that help the borrower to build, expand, rehabilitate, or reposition a property. In most cases loans to finance a real estate development project fall under two broad categories, although sometimes these two loans will also be combined into one:
Short term financing. This caters the financing needs for the construction and lease up phase of the project.
Long term permanent financing. Once a project becomes stabilize and leases up to the market level of occupancy, the construction loan is "taken out" by longer term permanent financing.
Following plays a vital role in decisions related to a commercial construction loan:
- Value of the finished project must be more than the cost of construction.
- Loan-to-Value Ratio
- Loan-to-Cost Ratio
- Debt Service Coverage Ratio
- Net-Worth-to-Loan-Size Ratio
If you have any questions about the Contruction Financing contact our mortgage advisors now.
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I believed my only choice was to sell off the mixed-use property I inherited at a loss since it required immediate rehabilitation. My fix-and-flip loans from Fast Commercial Capital saved me. In addition to being quick, the fundraising process was simple. My understanding of what I was getting into was fully assured by the team's thorough explanations of all the words. The house needed some work, but I was able to repair it and sell it for a healthy profit. They are really prompt and effective, living up to their reputation!
Ethan Jackson — a month ago
Thank you so much for help, Don and Fast Commercial Capital. You guys were awesome and did exactly what you said you would do. Thanks again!
Theodore Leighton — a month ago
As a small business owner looking to expand, I hit a roadblock with traditional lenders. That's when I stumbled upon Fast Commercial Capital. I needed quick access to working capital for inventory and marketing. Not only did they process my application on process my application on received the funds in less than 72 hours. The team was incredibly responsive and simplified a process that usually gives me a headache. Can't recommend them enough!
Liam Garcia — a month ago
Fast Commercial Capital was a lifesaver for my small business. Don and his team are fantastic. Thanks Team!
Harper Wright — a month ago