Construction Loans
It’s time for your business to expand its footprint, but the market’s too high or you need specialized real estate. That’s when it’s time to build the custom properties you need instead of buying. Construction loans pay out as you reach each milestone and only require interest payments until the project is complete.
Financing for Building and Development Projects
Overview
No matter the size of your next building project, there’s a construction loan that fits. You can fund your office renovation or start by preparing new land. Even if you plan to sell the new property right away, a construction loan will make it affordable and let you pay off the loan once you sell. Save your capital to reinvest in the rest of your business.
Recreation
Most recreational facilities require highly-specialized spaces that include amenities like swimming pools, climbing walls, and racquetball courts. That makes it hard to find an existing space that suits your needs. Build in custom plumbing, electricity, and infrastructure for state-of-the-art facilities that will attract new memberships and ramp up sales.
MEDICAL
As the demand for medical care increases, so does the pressure clinics and hospitals can feel. Use construction loans to add more space for beds, install cutting-edge diagnostics, and renovate waiting areas to make your patients and their families feel at home. You can use the capital you save upfront to attract top doctors, surgeons, and clinicians.
Animal Care
Veterinarians, shelters, zoos, and aquariums have special needs that average buildings just can’t meet. To provide the animals in your care with the safest and cleanest facilities possible, you need an optimized design. Construction loans save you upfront costs and make building just the right clinics and habitats affordable.
Utilities
Recycling plants, solar fields, water treatment facilities and more help keep our cities clean and powered. But, they can’t move into just any warehouse. Land acquisition and development loans can help your utility business buy, grade, and prepare land for building on or utilizing on its own for storage, evaporation, or composting.
Key Features of Construction Loans
Loan Highlights
Construction loans provide the necessary funding for businesses to build or renovate commercial properties, with flexible draw schedules as work progresses.
Funds are paid by milestone.
You pay only interest until the job is complete.
Build property to hold or to resell.
A&D loans help you buy and prepare land ahead of construction.
Your Path to Funding
THREE STEPS TO FUNDING
APPLY ONLINE
Your information helps us to begin loan matching.
SOURCING
We source options for your deal, keeping you informed at all times.
CLOSE AND FUND
We support your deal through the closing and remain in touch after.
Where the journey for funding begins.
Today's financing market is complex. Equity Ridge provides the pathway to funding.
LENDERS IN OUR NETWORK
IN AVAILABLE FUNDS
FASTEST CLOSE
Benefits
Construction loans offer customized financing solutions for commercial building projects, allowing for flexible disbursements as construction milestones are met.
They help businesses manage costs during the development phase without draining cash reserves.
Reduced upfront costs to start construction.
Loans are interest-only until the end of term.
Repay only the milestones that were funded.
Funding for any sized project, including renovations.
Important Considerations
Challenges
Construction loans often come with higher interest rates and require detailed project plans, including cost estimates and timelines, for approval.
The loan principal is due in one balloon payment.
Some loans have occupancy minimums.
Applications require detailed plans, materials, and exit strategies.
