Sunlite Mortgage offers construction loans specifically designed for industrial properties. Our construction loan program provides borrowers with funds to cover the costs associated with building or rehabilitating an industrial property. Typically, the loan terms range from three years or less, providing a short-term financing solution for construction projects.
With our construction program, funds can be disbursed at each stage completed, according to a prearranged schedule, or when specific milestones are met. This ensures that you have access to the necessary funds as the construction progresses.
Having a well-defined exit strategy is a key consideration for construction loan funding. In most cases, construction loans are repaid from the proceeds of standard financing or through the sale of the completed asset.
In addition to the exit strategy, we consider other critical factors when evaluating construction loan applications, such as the borrower’s experience, net worth, liquidity, as well as the location and quality of the site.
We understand the unique requirements of financing industrial construction projects, and our empowered advisors are available to guide you through the process. They will assess your options and determine the best course of action for finding and securing a smart-risk mortgage that suits your needs.
Contact one of our knowledgeable advisors today to discuss your construction financing options and take the next steps toward realizing your industrial property project.
