Build it, then take it out — financed in one plan.
Funding to build from the ground up or complete a major renovation, released draw by draw as the project hits milestones — with a clear path to permanent take-out so you're never refinancing under pressure.
Construction & ground-up at a glance
- Ground-up construction and major renovation
- Draw-based funding tied to milestones
- Interest-only during construction
- Permanent take-out arranged up front
- SBA 504 construction option for owner-occupants
Ideal for: builders, developers, and owner-occupants constructing new or substantially renovating commercial and multifamily property.
How construction draws keep capital working
Construction money doesn't fund all at once — it releases in draws as the project completes phases. Pour the foundation, request a draw, an inspector verifies the work, funds release. You carry each phase and get reimbursed, so the budget and schedule you submit up front should match how the job actually sequences.
Payments are interest-only on drawn funds during the build, which keeps carrying costs down while there's no income yet. We help structure the draw schedule so money lands when your contractors need paying — the difference between a project that flows and one that stalls waiting on capital.
Plan the exit before you break ground
The risk in construction lending isn't the build — it's the take-out. A construction loan that funds the project but leaves you scrambling for permanent financing at completion is a problem. We line up the permanent loan, or a clear path to it, before the first draw.
For owner-occupants, an SBA 504 can finance ground-up construction with as little as 10% down and roll into a long-term fixed rate — one of the strongest structures available for building the property your business will operate from. For investment and spec projects, we map construction-to-permanent or a bridge-to-refinance path up front. Either way, completion should be a milestone, not a cliff.
Construction questions, answered.
How does a construction loan get disbursed?
In draws tied to completed phases. You request a draw as work finishes, an inspector verifies it, and funds release. You front each phase and get reimbursed, with interest charged only on what's been drawn.
Can I finance both the land and the construction?
Often yes — many construction loans roll land acquisition and the build into one facility, or credit land you already own as equity toward the project. We'll structure it around what you bring to the table.
What is a construction-to-permanent loan?
A structure that funds the build and then converts to (or is taken out by) long-term permanent financing at completion — so you don't requalify or refinance under deadline pressure. For owner-occupants, an SBA 504 can serve this role.
Do I need a builder or general contractor lined up?
Yes — lenders underwrite the project, which includes a qualified general contractor, a detailed budget, and a realistic timeline. We'll tell you what documentation the file needs before you apply.
Have a project? Let's structure it.
Send us the scope and the budget and we'll come back with real terms — no cost, no obligation, no credit pull to start.