Construction Financing

Steady cash flow is the blood line for any commercial construction project whether you are building a single family home, multi-family complex, condo building, or any other type of residential property. We have a range of loans for construction of residential property to fit your unique requirements. Our seasoned residential lending officers have years of expertise in construction financing. Our team of residential construction experts 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 stabilized and leased 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 residential 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.

We are just a call away, call us at 832-888-8077 or click the button below to apply online.

Apply Now