Commercial Construction Loan

Commercial Construction Loan – Business Construction Financing for Income-Generating Properties

Pre-Qualify (Consumer Use Only)
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For a Rate and Fees quote call

800-390-7536

PRE QUALIFY NOW (Consumer Use Only)
Building an office, retail center, warehouse, or multi-family property? Normandy’s commercial construction loan program provides reliable business construction financing for developers and investors constructing income-generating commercial properties. Whether you’re breaking ground on a retail construction loan project or financing a warehouse construction loan, our commercial property construction financing is structured to keep your project funded from permit to completion.
This is a business-purpose development construction loan designed for commercial projects including office buildings, retail stores, shopping centers, warehouse/flex space, and 5+ multi-family units. Funds are disbursed in draws based on construction progress — so you only pay interest on what’s been advanced. Land purchase can be included, and both full and limited income documentation programs are available. Call to discuss your project.

Rates and Fees

(Based on credit score, income, savings and LTV)

  • Rates: Prime Rate plus 2.50% to 4.50%+
  • Loan Fees: 1.00% to 1.75%+
  • Application Fee: $650
  • Fast Track Closing Fee: $1,250
  • Underwriting Fee: $495

General Guidelines*

  • Loan Amounts: $100,000 to $5,000,000
  • Loan to Value: Up to 75% of the appraised value based on the income approach
  • Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts
  • Deal Directly with Loan Officer/Underwriter
  • Loans are available to Borrowers with excellent to less than perfect credit
  • Flexible draw schedules
  • Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
  • 18 month term with extensions available under certain circumstances
  • Pre-payment allowed without penalty
  • Interest only payments based on funds drawn
  • Land purchase may be included in the construction loan
  • Full and limited programs available
  • Owner and non-owner occupied commercial properties are eligible
  • Foreign Nationals are eligible for this program

Loans Available in the Following States

  1. AK
  2. AL
  3. AR
  4. CA
  5. CO
  6. CT
  7. DE
  8. FL
  9. GA
  10. HI
  11. IA
  12. ID
  13. IN
  14. KS
  15. KY
  16. MA
  17. MD
  18. ME
  19. MI
  20. MO
  21. MS
  22. MT
  23. NC
  24. NE
  25. NJ
  26. NM
  27. NY
  28. OH
  29. OK
  30. OR
  31. PA
  32. RI
  33. SC
  34. TN
  35. TX
  36. UT
  37. VA
  38. WA
  39. WY

Frequently Asked Questions

Commercial Construction Loans

What types of properties does a commercial construction loan cover?
Normandy’s commercial construction loan covers a wide range of income-generating properties: office buildings, retail stores, shopping centers, warehouse/flex space, and multi-family properties with 5 or more units. Other commercial property types may be considered.
The standard development construction loan term is 18 months, with extensions available under certain circumstances — giving your project room to handle delays without penalty.
No. Pre-payment is allowed without penalty on Normandy’s business construction financing program.
Yes. Land purchase can be included in your commercial build loan, simplifying the financing into a single draw-based loan.
Rates start at Prime plus 2.50% to 4.50%+. Loan fees range from 1.00% to 1.75%+. All rates and terms subject to change without notice.

For a Rate and Fees quote call

800-390-7536

Commercial Construction Loan

This program is designed to provide a business loan to construct commercial property (Office Buildings, Retail Stores, Shopping Centers, Warehouse/Flex Space, 5+ Multi-Family Units and most other income generating properties).

PRE QUALIFY NOW
(Consumer Use Only)

General Guidelines*

  • Loan Amounts: $100,000 to $5,000,000
  • Loan to Value: Up to 75% of the appraised value based on the income approach. Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts.
  • Deal Directly with Loan Officer/Underwriter
  • Loans are available to Borrowers with excellent to less than perfect credit
  • Flexible draw schedules
  • Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
  • 18 month term with extensions available under certain circumstances
  • Pre-payment allowed without penalty
  • Interest only payments based on funds drawn
  • Land purchase may be included in the construction loan
  • Full and limited programs available
  • Owner and non-owner occupied commercial properties are eligible
  • Foreign Nationals are eligible for this program
    *All rates and terms subject to change without notice

Rates and Fees 
(Based on credit score, income, savings and LTV)

  • Rates: Prime Rate plus 2.50% to 4.50%+
  • Loan Fees: 1.00% to 1.75%+
  • Application Fee: $650
  • Fast Track Closing Fee: $1,250
  • Underwriting Fee: $495

Loans available in the following states: AK, AL, AR, CA, CO, CT, DE, FL, GA, HI, IA, ID, IN, KS, KY, MA, MD, ME, MI, MO, MS, MT, NC, NE, NJ, NM, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WY

Draw Request Submitted

Thank you for requesting a draw.  You will receive an email or call confirming your draw request has been received within 1 business day.  If you do not receive confirmation, please contact our office at 800-390-7536.  Please notify us of any changes you wish to make to your request.  

Normandy Corporation

Thank you for scheduling your payment.  You should receive an email confirmation of payment within 1 business day.  If you do not receive a confirmation email within 1 business day, please call our office to confirm at 800-390-7536.