Financing for a commercial construction project works through three processes: a loan in the short term during the construction phase, long term permanent financing once the project is finished and the property stabilized, or a combination of the two known as a mini-perm loan. Traditionally, these loans have been provided by regional and community banks that are familiar with local developers, but in recent years, other entities such as insurance companies, national banks, and special interest finance companies have begun offering loan services on commercial construction as well.
Greenway Consulting of Bergen County, NJ will break down for you the particulars of each step in the commercial construction loan process. Our knowledge and experience in commercial construction ventures ensures that the financing of your project meets your needs and timelines. Contact us today to get the ball rolling and keep your project running on schedule.