Commercial
Commercial Construction
Unlock your commercial real estate vision with CMRE's Commercial Construction Loan program. Build your business from the ground up with competitive rates starting at 8.5% and flexible terms tailored to your project's needs. Our streamlined process and expert guidance will help you navigate the complexities of commercial construction financing.
Program Benefits
Competitive interest rates starting at 8.5% for qualified borrowers.
Financing available for a wide range of commercial construction projects.
Flexible loan terms to match your project's timeline and financial goals.
Expert guidance from experienced commercial loan specialists.
Streamlined application and approval process for faster funding.
Build equity and expand your commercial real estate portfolio.
Program Highlights
Max LTV
75%
Min Credit Score
640
Max DTI
55%
Loan Amount Range
$250K - $5M
Amortization Options
Eligible Properties
- Retail spaces
- Office buildings
- Industrial properties
- Multifamily developments
Program Requirements
Income Documentation
- •Demonstrated ability to repay the loan based on projected revenue or existing business income.
- •Comprehensive business plan outlining projected income and expenses.
- •Financial statements for the business or individual borrower.
- •Detailed budget for the construction project.
Asset Verification
- •Sufficient equity in the project or other assets to serve as collateral.
- •Verification of liquid assets to cover any cost overruns or unexpected expenses.
- •Appraisal of the land or existing property.
- •Clear title to the property.
Insurance & Title
- •Builder's risk insurance to cover the project during construction.
- •General liability insurance to protect against accidents or injuries.
- •Property insurance upon completion of the project.
- •Flood insurance, if applicable.
Property Requirements
- •Minimum FICO score of 640.
- •Satisfactory credit history with no recent bankruptcies or foreclosures.
- •Demonstrated history of responsible financial management.
- •Detailed explanation of any past credit issues.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
Commercial construction loan terms typically range from 12 to 36 months, depending on the complexity and scope of the project. The loan is designed to cover the construction phase, after which it may be refinanced into a permanent mortgage.
Fees can include origination fees, appraisal fees, inspection fees, legal fees, and title insurance fees. These fees can vary depending on the lender and the complexity of the transaction. It is important to discuss all potential fees with your loan officer upfront.
While commercial construction loans are primarily designed for new construction projects, some lenders may offer them for substantial renovation or expansion projects. In these cases, the loan proceeds can be used to refinance the existing debt and fund the construction costs.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
