Business/Commercial Loans


A commercial construction loan is used to build a property, or properties, with planned commercial use. An example of this would include an office complex, restaurant or any other non-residential real estate where business is conducted. This type of loan could be used to build owner-occupied or investment properties.


A residential construction loan is a loan made directly to the homeowner who is building a house. This type of loan is generally a short-term loan not intended for permanent financing of a home but rather to get the dwelling built. A larger down payment, or equity contribution, is generally required up-front from the borrower.


A development loan is typically made to a real estate investor who is developing land into functional property that can be resold or built on. An example might include using loan proceeds to develop a piece of raw land with no access to public utilities into divided lots ready for houses or offices to be built.