Commercial Construction Loan Requirements

Commercial Construction Loan Requirements: To qualify for a construction loan, the borrower and business must establish creditworthiness, demonstrate acceptable debt ratios, present a detailed construction plan, and provide tax records and financials. The down payment for a construction loan is typically 10-30% of the total construction costs. Monthly payments are common during the construction project. After completion, the construction loan can be rolled into a mortgage to secure a permanent loan.

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