Building Success with Our Commercial 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.
Specialized Commercial Loans | Hard Money & Portfolio Options?
What We Finance with Our Commercial 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.
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
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.
Key Requirements for a Commercial Construction Loan
To secure a commercial construction loan, you will typically need:
Detailed Project Plans & Specifications
Architectural drawings, engineering plans, and detailed scopes of work.
Comprehensive Budget & Timeline
A realistic and detailed breakdown of all project costs and a feasible construction schedule.
Qualified & Experienced Development Team
A reputable general contractor and development team with a proven track record.
Appraisal & Feasibility Studies
Independent assessments of the project’s market value upon completion and its overall economic viability.
Sufficient Equity Contribution
Borrowers are generally required to contribute a certain percentage of the total project costs as equity.
Strong Financials & Creditworthiness
Demonstrating the financial capacity to manage the project and service the debt.
Navigating Your Financing 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.