Commercial
Construction
Lending
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 single 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
generally 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 wish to maintain those relationships.
Their normal lender, however, may 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 loan submission, you will need to provide:
-
An Executive Summary for the Project with Capital Requirement.
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Construction Budgets and Plans.
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Three Year Pro Forma for the Project.
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Two Years of Financial Statements, plus trailing period financials.
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Resumes of the Principals.
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Three Years of Tax Returns for the Organization and for Principals.
Our programs are meant for the developer professional with a history within the industry.
For answers to your construction lending requirements and related subjects, please call one of our Client Service Agent at 1-800-322-5985 or use this link to our CONTACT US page.
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