Loanrise has funding for select Commercial Real Estate Construction projects. A construction loan can be used to construct a building or make other major improvements to Commercial Real Estate.
The land and improvements would become the collateral for the Construction loan. A Construction loan is a short term line of credit used to pay for the materials and labor that is required to build your Commercial Real Estate.
Money is normally advanced to the builder as the construction project moves towards completion.
Loanrise would assist you when the project is complete, to secure a permanent Commercial Real Estate Mortgage. Depending upon the Construction loan, upon completion, some of the loans we offer have the option of converting automatically, the construction loan to a permanent loan.
Feel free to contact us now to get the best rates and terms on your Construction Loan.