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As the term may imply, a Commercial Construction Loan would be for the construction of non-residential structures. However, the nomenclature of commercial lending tends to be inconsistent and confusing.
Commercial
lending for the construction of a structure or a complete complex,
whether it is a shopping center, office building, warehouse, apartment
building, or condominium complex--that group of loans would be
categorized as commercial construction lending.
The
term or life of the loan is typically short, that is, enough time to complete
construction, after which the loan would need to be converted into permanent
financing. Often our clients have
access to permanent financing and which to maintain those relationships, but
their normal lender does not have the structure in place to handle the
due diligence of a construction loan and its periodic disbursement
requirements.
Capital
Funding of America can fill the gap of construction lending.
We can take the basic information on your next new project and give you
an extremely competitive solution to your construction-lending needs.
For answers to your construction lending requirements and related subjects, please call a Client Service Agent at 1-800-322-5985 or use this link to our CONTACT US page.
