When it comes to developing or rehabilitating an office property, Sunlite Mortgage is your trusted partner. Our construction loans provide the necessary funds to cover the costs of building or renovating an office property, with typical terms ranging from three years or less.
Through our construction program, borrowers can access financing to cover land development and building construction expenses. Our flexible disbursement structure allows funds to be released at each completed stage, according to a prearranged schedule or when specific milestones are achieved. This ensures that you have the necessary capital at each crucial phase of your project.
One of the key considerations for funding is establishing a solid exit strategy for the construction loan. At Sunlite Mortgage, we understand that repayment options are crucial. Our construction loans are designed to be repaid either through the proceeds of standard financing or the sale of the asset, giving you flexibility and peace of mind.
We consider various critical factors when evaluating loan applications. The borrower’s experience, net worth, and liquidity are carefully considered to ensure a successful financing arrangement. Additionally, the location and quality of the site play a vital role in determining the feasibility and potential of your project.
To make informed decisions and secure the best common-sense mortgage for your office property, our empowered advisors are here to assist you. With their expertise, they can help assess your options, guide you through the process, and determine the optimal course of action.
At Sunlite Mortgage, we are committed to providing tailored financing solutions that meet your specific needs. Whether you are embarking on a new office development or revitalizing an existing property, our development and construction loans are designed to unlock the potential of your office property investment.
Contact us today to speak with one of our advisors and embark on a successful journey towards finding and securing the ideal common-sense mortgage for your office property. Together, we can turn your vision into reality.
