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Commercial Construction Loans

Build Your Business Success with Our Commercial Construction Loans

At 1st Colonial Community Bank, we're more than just a bank - we're a part of the Southern New Jersey and Southeastern Pennsylvania community. We've been serving local businesses and real estate investors for decades. Our Commercial Construction Loans are designed to provide the financial backing you need to build or expand your commercial properties. Trust us to guide you through every step of the process with the same commitment to customer service and community building that we've upheld for years.

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Build Your Vision with Commercial Construction Loans

Commercial Construction Loans can be a strategic tool for your business or investment portfolio. Commercial Construction Loans provide the flexibility to finance the construction or renovation of commercial properties. Whether you're building a new office, retail space, or rental property, our loans can provide the funds you need. This flexibility allows you to pursue ambitious projects that can drive your business growth. Here's how:

  • Controlled Disbursements: With a draw schedule, funds are released as construction progresses, ensuring money is used efficiently and the project stays on budget.
  • Interest-Only Payments During Construction : During the construction phase, you're typically only required to make interest payments, helping to keep costs manageable.
  • Loan Conversion: Once construction is complete, the loan can often be converted into a traditional Commercial Real Estate Loan, providing a seamless transition from construction to ownership.

Contact Our Business Team

Start Building Your Business Future Today

With 1st Colonial Community Bank, you have a trusted partner who understands the local market and is committed to helping you succeed. Our expert business team is ready to guide you through every step of the process, providing personalized service and tailored solutions to meet your unique needs. With branches in Collingswood, Westville and Limerick, PA, we're conveniently located and always within reach. Take the first step towards your next business venture. Contact us today to set up an appointment.

Frequently Asked Questions About Commercial Construction Loans

What is a Commercial Construction Loan?

A Commercial Construction Loan is a short-term loan used to finance the construction or renovation of commercial properties.

How does a Commercial Construction Loan work?

A Commercial Construction Loan typically involves a draw schedule, where funds are released as construction progresses. During construction, you usually make interest-only payments. Once construction is complete, the loan is often converted into a traditional mortgage.

What can a Commercial Construction Loan be used for?

Commercial Construction Loans can be used for building new commercial properties or renovating existing ones, including offices, retail spaces, warehouses, or rental properties.

What is a draw schedule?

A draw schedule is a plan for disbursing the loan funds. It outlines when funds will be released based on the completion of specific construction milestones.

How can I apply for a Commercial Construction Loan?

You can start the application process by contacting our expert business team to set up an appointment. We'll guide you through every step of the process.

Contact Our Business Team

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