Top 4 Construction Loan Lenders

  • June 19, 2020

If you are interested in building or remodeling your hotel, senior living facility, or renewable energy facility from the ground up, construction loans could pave the way to success. Construction loans allow you to finance the direct costs associated with building projects such as materials, on-site facilities, temp machine parts, wages for your workers, and any hidden costs that might arise. Finding the right loan for your unique situation can be a daunting task, which is why we have picked out the four best construction loan lenders on the market.

Four quality construction loan lenders to explore

AVANA Capital

AVANA Capital generally provides small businesses with loans under the SBA 504 program and a conventional construction loans program. What sets AVANA Capital apart from the competition is that their unique programs will take into account each project individually and tailor loan products specific to the needs of the borrower. The combination of a blended rate and a 30  year amortization period begins to look very appealing and competitive in today’s direct lending market. Their team of industry professionals has a combined 65 years of experience in niche industries, such as hospitality, elderly care facilities, renewable energy and healthcare. This extensive knowledge allows AVANA Capital to provide the best possible service to its customers. They will take the necessary time to understand exactly what your business needs while making sure you stay within your budget.

Live Oak Bank

Live Oak Bank offers small businesses tailored construction loans that fit your business goals. They understand that there are many challenges you could potentially face when deciding what construction loan is right for you, which is why they are here to help every step of the way. Their commercial real estate team of experts has decades of experience working with people just like you. They specialize in providing conventional loans for office and industrial buildings, retail centers, medical buildings, apartments, and student housing. Additionally, Live Oak will provide you with an SBA lender who can help you if you are refinancing, expanding, or acquiring property through SBA loans. They are able to quickly navigate through the approval process due to their Preferred Lender status to begin your project as soon as possible.

Orix Real Estate Americas

Orix Real Estate Americas creates structured loans that remain competitive in today’s market environment. They have developed customized financing for numerous property types and they continuously work in any primary or secondary metro market in America. Their own in-house service team all have more than 20 years of industry experience, which makes lending a breeze. They work extremely close with their in-house origination group in order to ensure a seamless process from start to finish. Orix Real Estate Americas can offer you flexible prepayment as well as financing up to 80% – with future advances available. Furthermore, their property types include retail, office, hospitality, assisted living, medical office, housing communities, healthcare, etc.

Hall Structured Finance

Since 1995, Hall Structured Finance has adjusted its programs to adapt to the ever-changing real estate industry. They essentially provide first lien debt for adaptive reuse, asset repositioning, renovation projects, and ground up construction with a strong focus on hospitality properties. By offering you non-recourse terms companies with flexible underwriting standards, creative loan structures, and quick execution, Hall Structured Finance is dedicated to achieving your businesses construction goals. They pride themselves on providing you with loan programs that are specifically tailored for you as an alternative for real estate investors and developers who cannot meet financing goals through a traditional bank lending platform.

For more information on construction loans and tailored lending solutions contact AVANA Capital to find the right loan program for you. Help is just a phone call away or you can fill out an appointment request at AVANA Capital and one of our lending experts will be in touch with you.