Custom Work Space

There’s only one way to ensure your work space has everything you need. Buy land, build, and renovate with affordable financing from our lenders.

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Your Custom Work Space Advantage

Start with raw land and finish with a brand new building fully customized to fit your business. Or, start an improvement project on a building you already own to install sustainability features, cosmetic upgrades, or expanded space. There’s no limit to what you can do with our financing options.

If you earn income from investment properties, but your earning potential is limited by your existing holdings, expand your company’s footprint to bring in new revenue. Build offices, warehouses, hotels, and just about anything you need. We’ll help you select the right financing for your project at competitive rates.

Land Acquisition & Development Loans

Every building project starts somewhere. When you’re ready to move out of the drafting stage and into construction, you need a location first. Land acquisition loans break the high cost of land into manageable pieces so you can focus on funding the project itself. Whether your path leads out to the country or just down the block, we’ll help you secure the land you need to get started.

Land is essential, but you can’t start building without the development phase. Development includes tree and rock removal, grading, utility infrastructure, streets, and inspections. Take care of it all with one simple development loan from our network of reliable lenders.

Construction Loans

When it comes to financing a construction project, a traditional lump sum loan just won’t cut it. Managing a full loan amount from the beginning of a building project to the end isn’t easy. Unexpected situations arise that can throw your project off track. Then, you’re stuck having to repay the full cost of your project.

A construction loan is designed to help you manage the cost of construction in phases. Once you and your lender agree on your project’s mile markers, you’re funded as each phase is complete, not all at once. Pay only the interest until you’ve cut the ribbon on your new customized space.

Renovation Loans

Not every project has to start from scratch. If you’re satisfied with your location, but need a few tweaks to your building, do it with a renovation loan. Renovation loans can help with any size project, from a new rooftop to a sustainability upgrade. Get tax advantages and lower your utility costs when you go green with passive lighting, a vegetative roof, and LEED design.

While you’re customizing your space, customize your financing to cover costs. We’ll help you assess the length of your project, the scope of your improvements, and the cost of inspections. Then, we’ll connect you with financing that’s a perfect fit for your renovation project

Term to Perm

Term loans are a great way to cover the interim costs associated with construction and renovation. When your project is complete, however, you’re looking at repaying the principal in one balloon payment. Depending on the type of property you’ve built, it could take some time to generate income. Where will you get the funds to cover that final payment?

Term to perm loans answer this question with flexible financing. The loan starts as a term loan, maturing in a few months or a few years. Once the construction phase is complete, the loan transitions to a permanent loan, like a mortgage. Break that principal amount into smaller payments over time.

Advantages:

Whether you’re constructing a mom-and-pop shop or a bustling office building, the right financing can help you customize your space. We help small businesses manage the high costs of land, development, construction, and renovation. Ask us how we can help your small business get from draft to daylight today.

Pay only interest until the project is complete

Convert from term to perm to manage principal payments

Finance energy and money-saving upgrades

Cover land, materials, and labor with affordable financing

F.A.Q.’s

Frequently Asked Questions

We’re available for you any time you need adaptive, innovative financial solutions for your small business. Find out what we can do for you today.

Q. Do I have to pay back a construction loan if my project is stalled?

Construction loans are funded in stages. If your project is cut short, you’re only responsible for the portion that’s been paid out, not the full loan amount. This is one advantage construction loans have over lump sum financing. Get in touch with our brokers to find out more.

Q. What is land development?

Before land can be built on, it needs to be prepared. Development can include grading to level the area, removing debris, installing utilities, creating roads, storm water management, site feasibility studies, and more. Cover them all with one loan from our land development financing experts.

Q. What are renovation loan interest rates?

The interest rate you pay on a renovation loan will depend on your lender and the type of loan you want. Most rates are less than 10% based on the amount you need, your credit, and the length of the loan. Let us help you find the best rate for your renovation.

Q. Is it hard to get a commercial construction loan?

Getting a construction loan can be a little more complicated than applying for other types of financing like a hard money loan or a line of credit. You will need to have your plans in place to include an exit strategy, reliable contractors, and a favorable DSCR. We can help you keep a handy checklist to make sure your application is on track.