Construction Financing
You’ve found a great location for your business, but the market’s too high to buy. Instead of moving to a less ideal market, build the property you want instead. Building often costs less than buying property and allows you to create the space you want. Let us get you started with a construction loan.
Construction Financing
Lending Overview
It might be faster to move your business into an existing property, but it’s not always cost effective. When market rates in your chosen area are sky-high, you can save money by building the property you want instead. Construction loans help you buy land, prepare land, and put up structures. If your plans call for renovating an existing property, you can use a construction loan for that too. Pay for inspections, surveys, designs, and permits all within the same loan. Unlike lump-sum loans, construction loans pay out as you go. When you complete one milestone for your project, you get funding for the next, and so on, all the way until completion. You pay only the interest while your project is ongoing. The loan principal isn’t due until you’ve cut the ribbon on your new space.Take your dreams from the foundation to the roof with an affordable construction loan from our network of lenders.
Build Wealth Through Ownership
How to Effectively Apply Funds
The sooner you get started building real estate for your business, the sooner you can realize the benefits of ownership. Start earning on investment properties faster when you start building today. Let us show you how easy it can be to get a construction or A&D loan for your business.
Flexible Financing Solutions
Construction Loans
The best way to pay for customizing your commercial space is with a construction loan. Construction loans pay out as you reach stepping stones in your project. That means you’re not on the hook for the full loan amount if plans change. You can also make adjustments to your loan during the project. While you’re still in the process of building, you only have to pay the loan interest, leaving capital free for other investments. The principal is due after construction is complete. If you don’t want to drop a balloon payment for the principal, you can roll it into a commercial mortgage. When you’re tired of hunting for the ideal property to buy, take control out of the hands of the market and build exactly what you want, where you want it. With competitive loans from our vetted lenders, you won’t be stuck with sky-high rates. No matter what your business credit looks like, we can help.
For Your Business Success
Owner Occupied
When considering a construction loan application, lenders look at how you plan to use the property when it’s finished. If you plan to use the property to house your own business, lenders see you as a good investment. You’ll get different rates than if you plan to sell right away. Owner-occupied loans can be easier to get and less expensive than a typical construction loan. However, most lenders require a certain percentage of that property be for your specific business. Once you’ve met that requirement, you’re free to rent the rest of the space for added revenue. Not all lenders have the same conditions, but planning for 51% of the building’s available space is a good starting point. You may also be eligible for tax advantages as an owner-occupier, especially if your building is sustainable. If you’re a small business with limited revenue, you can still qualify for a construction loan through our lenders. Ask us how!
Build on Solid Ground
Land Acquisition & Development Loans
When you’re preparing to build property, you need a place to lay the foundation. Instead of using one loan to buy land and another to prepare the land, you can do both with one loan. Land acquisition and development loans help you buy, inspect, grade, and survey land before building begins. Once you already own land, it’s better to build sooner than wait. That reduces the risk of something going wrong before you develop and gives lenders a potential return earlier, increasing the likelihood you’ll be approved for a loan. Make sure your next project has a solid foundation when you work with our brokers to get the best rates on acquisition and development financing. We’ll help you compare deals so you get exactly what you need at the price you want. When your land is ready to build on, we can help you transition to the construction phase of your project with low-cost financing options.
Seamless Construction Financing
Term to Perm
Construction loans are a great way to get your building project off the ground, but what if you don’t want to make a balloon payment for the principal when the loan term is up? In that case, let our brokers match you with an affordable term-to-perm loan. You’ll get a short-term loan to cover your project while it’s undergoing construction. Once it’s built, you can roll the principal into a long-term commercial mortgage instead of paying it all at once. Term to perm loans work best for businesses that intend to hold property long-term, whether it’s revenue-generating rentals or a customized home base for your business. Take care of all your CRE needs with a visit to one of our professional brokers. We can show you experienced lenders in your area who know what to expect from the market. Once you decide on the best lender, we’ll guide you through the application process and make sure you get the funds you need when you need them.
Business Solutions
To Qualify:
Step 1
Evaluate your financial need to avoid over-borrowing or underfunding. We’ll customize your loan to fit your exact request at rates you can afford.
Step 2
Gather your documents in a safe place. Depending on the loan you want, you’ll need to provide tax information, balance sheets, and proof of time in business.
Step 3
Connect with our team. We’ll listen to your needs, look over your documents, and suggest a range of financial solutions to match your goals.
Alternative Solutions
If construction financing isn’t what you’re looking for, try:
Hard Money Loans
Hard money loans are secured on your business assets and let you get extra capital fast when you need to strike on a hot deal. Even if your credit isn’t what it used to be, our professional brokers can match you with the right hard money loan you can afford.
Line of Credit
Maybe a simple renovation is all you need. If you want a flexible way to finance remodeling, interior design, and repairs, a line of credit is a great solution. Borrow what you need as often as you want within your credit limit. When you make payments to your account, you can borrow again in the future.
Contact Us
Do You Have Any Questions?
Get in touch with our team to discuss your financing needs and loan options. We’ll review your goals and connect you with the right lender to move your business forward.
Call us at
307 . 772 . 4575
Email us at
Admin@Virtual-FS.com