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Construction Loans

Growing a business can sometimes mean literally building it from the ground up. When you’re ready to lay the foundation for success, we’ll show you how to make it affordable. Don’t sink your cash into construction. Instead, grow it with investments and use a construction loan to finance the project. We’ve got options for owner-builders, property flippers, and expanding small businesses.  

What are Construction Loans?

Whether you’re building from scratch or renovating older real estate, a construction loan can work for you. Instead of trying to handle these substantial costs upfront, it’s often wise to finance them instead. Then you can put your cash into investments that grow it faster. We’ll show you the cost advantages of construction financing.

Construction loans are designed around your project’s major stages. When you borrow a whole project’s worth of funding, you’re liable for the entire amount if something goes wrong. You may also discover your costs increase along the way. Then, you have to take out another loan or pull money from your budget.

Work with your contractors and lenders to build a construction plan. You’ll decide what steps to take and when. Your lender releases funding based on those steps. Once step one is complete, funding goes out for step two. Keep progressing until you have a completed project. If materials shortages, accidents, or weather events stall progress, you only need to repay the steps that were funded.

When should you consider taking out a construction loan? Big or small, construction financing can fit nearly any construction project. For some loans, you’ll only pay interest during construction. When the project is done, the principal comes due. There are also term loans that convert to a mortgage when the building is complete. Ask us how construction funding can get you started building faster.

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Infinity Gold Financial

New

If you’re looking to stay locally or move to another city, but the real estate market is too high, build what you want instead. Customize every detail from the ventilation system to the baseboards when you build it from scratch. Hire a top contractor and get sustainable materials with a construction loan from our lenders.

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Infinity Gold Financial

Expanding

Business is booming but you’re quickly outgrowing your space. Make more room for materials and personnel by expanding. Put in an addition or broaden your territory to a new neighborhood. Construction loans help you grow your footprint to increase productivity, profits, and your portfolio. Find out how we can help you get some space.

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Infinity Gold Financial

Renovating

Construction loans aren’t just for new property. You can use them to repair and reconstruct to give your existing buildings a refresh. Use a short-term construction loan so you won’t be paying down your renovation for years to come. We’ll show you how to renovate your space with affordable financing.

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Infinity Gold Capital

F.A.Q.’s

Q. When is a construction loan not a good fit?
Updating interiors, unless it involves major structural changes, won’t typically be covered by a construction loan. A hard money loan, working capital financing, or term loan may fit your needs better. Let us help you find solutions.
Q. Can I get owner-builder financing?
If you’re a construction company with a history of successful projects under your belt, we can help you get owner-building financing to work on your property. You’ll need proof of completed work, a detailed construction plan, and your company’s financial document. Call us now so we can help you put together a successful application.
Q. What do I need to apply for a construction loan?
Construction lenders want to see a detailed plan before they give you the go-ahead. You need a cost breakdown, an exit plan, and reputable contractors. Get your business and personal financials in order and prepare to provide a down payment. The average down payment on a traditional construction loan is around 20%.
Q. How is a construction loan structured?
A construction loan is broken down into two main phases. You have the period when construction is still happening and the period after it’s done. While it’s ongoing, you’ll likely only need to pay the interest on the loan. Once you’ve finished, the principal is due in what’s called a balloon payment. Not prepared for the final payment? We can show you term-to-perm loans that transition that debt into a long-term mortgage.

Borrow in increments as you progress.
Save cash for investing.
Build brand new or refresh existing space.
You’re not responsible for the full loan if the project falls through.

Unpacking the Loan Broker Process

Unpacking the Loan Broker Process

Discover how loan brokers evaluate business loan applications and match borrowers with the right financing options to boost your approval chances.

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Call Us: 888-342-8174

Info@InfinityGoldFinancial.com | 383 Corona Street, Denver CO 80218