Building Success with OurCommercial Construction Loans
At Crestico, we’re more than just a mortgage brokerage—we’re your trusted partner in financing commercial construction and development projects.
Transforming a vision into a tangible commercial property requires significant capital, meticulous planning, and the right financial partner. At Crestico, we specialize in providing commercial construction loans designed to support developers, investors, and business owners through every phase of their new construction or major renovation projects. Whether you’re breaking ground on a new office building, retail center, industrial facility, multi-family development, or undertaking a substantial redevelopment, we offer the financial foundation you need.
Commercial construction financing is a specialized area that demands expertise in project management, risk assessment, and phased funding. Our experienced lending team at Crestico understands the intricacies of the construction process and works closely with you to ensure your project stays on budget and on schedule.
The Commercial Construction Loan Process
Understanding the construction loan process is key to a successful project:
Initial Consultation & Application
We begin by discussing your project scope, feasibility, budget, and timeline.
Underwriting & Approval
Our team conducts a thorough review of your project plans, financial projections, contractor qualifications, and overall creditworthiness.
Loan Closing & Initial Disbursement
Once approved, the loan is closed, and initial funds may be disbursed for land acquisition or preliminary site work.
Phased Draws
As construction progresses, funds are disbursed in stages (draws) based on the completion of pre-agreed milestones and satisfactory inspections. This ensures funds are used appropriately and the project advances as planned.
Project Monitoring
We maintain oversight throughout the construction period to help mitigate risks and address any challenges that may arise.
Completion & Potential Conversion
Upon successful completion and issuance of a certificate of occupancy, the construction loan may be paid off or, in some cases, converted into a permanent commercial mortgage.
What We Finance with OurCommercial Construction Loans
Our commercial construction loan programs are designed to fund a wide range of projects, including:
Ground-Up New Construction
Financing for entirely new commercial buildings across various sectors:
- Office Buildings
- Retail & Shopping Centers
- Industrial & Warehouse Facilities
- Multi-Family & Mixed-Use Developments
- Other specialized commercial properties
Major Renovations & Redevelopments
Funding for significant overhauls of existing structures, including expansions, large-scale improvements, or complete repurposing of a property
Land Acquisition & Development (as part of a construction project)
In many cases, our construction loans can incorporate the costs associated with acquiring and preparing the land for development.
Specialized Commercial Loans | Hard Money & Portfolio Options?
Key Requirements for aCommercial Construction Loan
To secure a commercial construction loan, you will typically need:
Navigating YourFinancing Options
We understand that the range of commercial and business loans can seem complex. Our website is designed to provide clear, concise information to help you identify potential solutions. We encourage you to explore the specific loan program pages for detailed information.
If you’re unsure where to begin or would like personalized guidance, our experienced loan specialists are ready to listen to your needs and help you navigate your options, ensuring you make an informed decision.