Construction Loan

Construction Loan offered Nationwide

A construction loan is a short-term loan used to finance or renovate a real estate project.

These are the different types of construction loans we offer:

• Standalone Construction: These types of loans are typically for 1 year and are ideal for the construction phase only.
• Construction to Permanent Loan: This loan commences the construction of your project and then converts into a permanent mortgage once the construction is completed.

We understand that each project and client has unique needs. Therefore, we are able to customize our loan programs based on your specific conditions and requirements to ensure the best possible fit for your construction goals.

Loan Program Highlights

• Minor to major renovations or brand-new construction 
• Short Term 6-to-12-month bridge loan available
• Based on property value, not personal income
• Private money financing available for projects at initial stage or mid-construction
• For recapitalization of your finished product
• Interest reserves up to project completion

Benefits of the Loan Program

We are not a bank offering only one or two construction loan products. RGC Capital Inc has aligned itself with several specialty commercial construction lenders throughout the country to provide our clients with a variety of lending options. Thus, offering our clients various solutions to meet their unique construction lending needs.

Types of Properties Eligible for Construction Loan

• Main-in-Line Properties: Multifamily, Track/Sub-Division Housing, Senior Housing, Office, Mixed-Use, Retail, Medical Office, Warehouse, Self-Storage, Light Industrial, Strip Centers and Large Shopping Centers, etc.
• Special Purpose Properties: Hotels/Motels, Automotive, Gas Stations, Churches, Convenience Stores, Restaurants, Daycare Centers, Assisted-Living Facilities, Dry Cleaners, etc.

Loan Program Terms

6, 12, or up to 24 months

Loan Amount

$1,000,000 to $50,000,000

Target Clientele for this Loan Program

We are here to assist Home Builders, Real Estate Developers, and General Contractors seeking to build or develop small or large-scale residential/commercial projects. If you are looking to build new homes from the ground up or expanding on existing property, then RGC Capital would be the right fit for you!

Documents required for the Loan Program Application

1. Sign RGC Capital loan proposal (LOI)
2. Loan application (click here for the business purpose application)
3. Application and credit report within 30 days of guarantor
4. Digital color photos of the subject property
5. Copy of city permits and all city approvals
6. Itemized breakdown of the dedicated funds already invested into the project
7. Itemized cost breakdown for the proposed project on the contractor’s letterhead
8. A copy of the current contractor’s license from the builder
9. Detailed explanation of exit strategy for repayment
10. The last 2 months of bank statements
11. Architectural renderings and or designs (auto cad format).
12. Final settlement statement of purchase
13. All entity documents and resolutions
14. Copy of most recent mortgage statements
15. Resume supporting experience