A new building will help your long-term business plan, but it may not produce immediate revenue. That's where Commercial Construction Loans are useful. These loans are structured to make it possible to delay repayment of the principal and interest until the property is able to generate revenue.
Features of a Commercial Construction Loan
- Credit limit maximum is $2,000,000
- This loan acts as an Advancing Line of Credit during the construction phase until it is converted to permanent financing
- City & County Credit Union must be providing the permanent-end loan on the project
Apply in person at any of our convenient locations in the Saint Paul & the surrounding Twin Cities area.
Contact us for current rates.