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:

Land Purchase

  • For Construction
  • For Development

Construction

  • Commercial-Contractor Loan
  • Investor-Commercial Real Estate
  • Owner-Occupied

Miniperm

  • 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%.

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!

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