Euclid Commercial Lending Services

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Construction 

Your vision, our guidance. Let our team help keep your plan on track to help you achieve your goals. The value of construction loans is primarily based on the property's ability to generate income once completed. Also taken into heavy consideration are factors such as the developer's prior experience, area demographics, and market rents.

When you begin to search for construction or renovation financing ask yourself the following questions:

  • What is the project-scope cost breakdown?
  • What construction experience do you have (what past projects have you completed)?
  • Do you have all permits necessary for the project?
  • Are you doing the work personally or using a 3rd party contractor?
  • What are the soft costs (i.e. permits, fees)?
  • What are the hard costs (i.e. bricks, wood, labor)?
  • Is the building vacant or occupied?
  • What will be the duration of the project? Breakdown the project into phases.

Apply for commercial construction or renovation financing today