Construction & Development Loans
Construction and development loans provide the funds needed to grow your business through land purchases, development, and construction. Learn how Core Bank can help you find the right loan so you can begin the building process!
Building Businesses with You
Our team of professional lenders is committed to helping you understand the various types of construction and development loans. Our goal is to provide you with financing that’s tailored to you and your specific business needs.
Construction & Development Loan Options
There are a variety of loan options to choose from when it comes to construction and development. They include:
- For Construction
- For Development
- Commercial-Contractor Loan
- Investor-Commercial Real Estate
- Loan available during rent up and stabilization
How to Apply for a New Construction & Development Loan
Core Bank’s application process is simple and straightforward. You can get in touch with a member of our business banking team today to get the application process started and have any additional questions answered!
Construction & Development Loan FAQs
What are the requirements for a commercial construction loan?
The main qualifications for commercial construction loans are your credit score and debt-to-income ratio. Some lenders may have stricter requirements.
How do you get a loan for property development?
Loans for property development are similar to other construction loans and often entail a simple application process and fixed rates.
What is the average interest rate on a construction loan?
Commercial construction loans typically have interest rates between 4% and 12%.
Find a Core Bank Near You
Core Bank proudly offers personal and business banking solutions made for you. With banking centers in Omaha, Overland Park, and Mesa, we’re here to help you borrow and save confidently. Discover your nearest Core Bank today!
Contact Core Bank
Get in touch with our team to learn more about our construction and development lending options or to apply for a loan today!
Latest From the Blog
Core Bank is pleased to announce the addition to the Core Bank mortgage team with Liliana Marquez, a Bilingual Mortgage Loan Originator. Liliana has five years of mortgage experience and joined Core Bank in September 2023. Fluent in Spanish and English, Liliana is dedicated to making the home-buying journey go as smoothly and as enjoyable as possible for her clients. She is passionate about educating her clients to find the best program to fit their needs.
When you’re ready to obtain a mortgage loan, there is actually something you can do to ensure your mortgage payments are more manageable in the future. A buydown mortgage is a financing technique that allows a borrower to obtain a lower interest rate.